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Full text of "Annual Report of the Commissioners of Savings Banks, 1878"

State Library 



OF 



MASSACHUSETTS. 



A. 



Return as Soon as Used. 



\5 



Digitized by the Internet Archive 

in 2012 with funding from 

Boston Library Consortium Member Libraries 



http://archive.org/details/annualreportofco1878mass 



IE3:R,:RJk-T.A.- 

Page 153. 

" Bank Stocks." 

"First National Bank, Boston," should read: '•'■Revere 
National Bank, Boston." "Revere National Bank, Boston," 
should read : " First National Bank, Boston." 

Page 371. 

Seventh and eighth lines should read: " The earnings of 
the banks have decreased $2,719,822.71 — a little more than 
seventeen 'per cent." 



PUBLIC DOCUMENT No. 8. 



ANNUAL KEPORT 



OF 



THE BOAED 



OF 



COIMISSIONEES OF SAYINGS BANKS, 



INCLUDING THE 



ABSTRACTS OF REPORTS 



FROM THE 



SAYINGS INSTITUTIONS IN MASSACHUSETTS. 



1878. 



BOSTON: 

l&ano, ^foetg, $c Co., Printers to tfje Ccmmonfoealtfj, 

117 Franklin Street, 
1879. 






A 



Commonrocaltl) of Massachusetts. 



Office of the Commissioners of Savings Banks, State House, 

Boston, Jan. 1, 1879. 

To the Hon. Senate and House of Representatives in General Court assembled. 

The undersigned, the Board of Commissioners of Sav- 
ings Banks, have the honor to present for the considera- 
tion of the legislature, their Third Annual Report, 
including a statement of the condition of each institution 
at the close of business on the thirty-first day of October 
last : the same being the Thirteenth of the series of 
Annual Reports since the appointment of a Commissioner 
of Savings Banks. 

Very respectfully, 

J. GATCHELL, 
C. CURRY, 

Commissioners. 



ABSTRACT OF ANNUAL REPORTS 

OB 1 THE* 

SAVINGS BANKS AND TKUST COMPANIES, 



SHOWING THEIR 



CONDITION AT THE CLOSE OF BUSINESS ON THE 
31st OF OCTOBER, 1878. 



BANK COMMISSIONERS' REPORT. 



[Jan, 



ABINGTON SAYINGS BANK — ABINGTON. 

Incorporated 1853. Number of corporators, 53. 

Z. N. Whitmaksh, President. Treasurer, J. N. Farrar. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$785,464 76 


Public funds, .... 


$80,375 00 


Earnings, undivided, 


25,078 74 


Loans on public funds, . 


1,650 00 


Guaranty fund, 


4,500 00 


Bank stock, .... 


146,402 87 






Loans on bank stock, 


2,875 00 






Railroad bonds, 


53,661 08 






Real estate by foreclosure, 


7,728 29 






Loans on real estate, 


457,746 34 






Loans on personal security, . 


46,939 21 






Loans to counties, cities, or 








towns, 


500 00 






Deposit in bank on interest, . 


15,380 90 






Expense account and taxes, . 


321 95 






Suspense account, . 


653 47 


* 




Cash on hand, .... 


809 39 




$815,043 50 


$815,043 50 



Loans on Public Funds, amount on each : — 
On United States Bonds, par value $1,650, .... 

Loans on Bank Stock, amount on each : — 
On 80 shares Abington National Bank, ) 
On 3 shares Home National Bank, ) 

Amount of real estate by foreclosure, ..... 
Estimated value of the same, 

Cash on Deposit in Bank: — 
Abington National Bank, , 

Whole amount of interest or profits received or earned, . . 
Rate and amount of each semi-annual dividend ) 2-£- per cent., 

for the previous year, ) 2i per cent., 

Times for the dividends fixed by the by-laws : April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7-J per cent. 
The total amount of loans, with each specified rate of interest: 

$500, 5 per cent. ; $80,000, 6 per cent. ; $429,195.55, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 409 

Aggregate amount of the same, 

Number of open accounts, . . . . . . 2,466 

Number and amount of deposits received for previous year, . 629 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, Q6 

Number and amount of withdrawals, .... 1,410 
Number of accounts opened during the previous year, . . 179 



:{ 



$1,650 00 

$2,875 00 

$7,728 29 
9,025 00 

$15,380 90 

$58,787 44 
20,395 88 
19,392 43 



309,215 55 

68,124 32 

35,326 00 
204,680 01 



1879.] 



PUBLIC DOCUMENT — No. 8. 



Number of accounts closed during the previous year, . . 398 

Amount of expenses of the corporation during; previous year, $1,631 85 

Amount of treasurer's bonds, 15,000 00 

Date of examination by commissioner: Aug. 26. 

Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, . 


$10,000 


$10,406 00 


$10,000 00 


City and town bonds : — 








City of Bangor, Me., 


9,000 


9,450 00 


7,605 00 


of Bath, Me., . 


10,000 


10,050 00 


9,000 00 


of Belfast, Me., ... 


10,000 


9,925 00 


9,750 00 


of Portland, Me., 


7,000 


7,420 00 


7,000 00 


of Meriden, Conn., . 


20,000 


22,867 00 


21,000 00 


of Holyoke, Mass., . 


5,000 


5,717 00 


5,000 00 


of Fall Elver, Mass., 


10,000 


11,250 00 


11,063 00 



Bank Stock. 



Abington Nat'l Bank, Abington, 
First Nat'l Bank, Adams, 
Boston Nat'l Bank, Boston, 
Eliot JSTat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston 
Howard Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston 
Redemption Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
North Nat'l Bank, Boston, 
Third Nat'l Bank, Boston, 
Mt. Vernon Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Metropolitan Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
First Nat'l Bank, Danvers, 
Old Colony Nat'l Bank, Plymouth, 
Continental Nat'l Bank, . 
Eagle Nat'l Bank, . 
Hamilton Nat'l Bank, 
State Nat'l Bank, . 
Shoe and Leather Nat'l Bank, 
Central Nat'l Bank, Boston, 



$13,600 


$16,320 00 


$14, 


4,000 


5,000 00 


4, 


7,400 


6,586 00 


8, 


5,900 


5,304 00 


6, 


7,500 


7,350 00 


7, 


15,000 


15,600 00 


15, 


4,700 


4,371 00 


4, 


5,000 


4,250 00 


6, 


5,000 


6,612 50 


8, 


5,800 


5,220 00 


5, 


6,800 


6,868 00 


7, 


2,000 


2,400 00 


2, 


4,500 


5,602 50 


4, 


2,200 


2,475 00 


3, 


1,000 


830 00 


1, 


3,800 


3,211 00 


4, 


10,000 


12,500 00 


15, 


4,000 


3,940 00 


4, 


1,500 


1,350 00 


o 


2,850 


3,876 00 


3, 


200 


250 00 




2,500 


2,125 00 


2, 


1,900 


1,957 00 


2, 


5,000 


5,100 00 


5, 


3,200 


3,584 00 


3, 


1,000 


1,005 00 


1, 


1,200 


1,002 00 


1, 



:,810 00 

:,000 00 

,,279 75 

i,406 25 

,500 00 

.,000 00 

,788 62 

1,262 50 

5,012 50 

,,875 00 

,115 00 

,,820 00 

:,500 00 

i,014 00 

,380 00 

.,760 50 

1,258 00 

.,000 00 

!,025 00 

,,956 25 

266 50 

,,505 00 

,,071 00 

1,900 00 

,,488 00 

,155 00 

,254 00 



Railroad Bonds. 



Eastern Railroad bonds, . 
Old Colony Railroad bonds, 




BANK COMMISSIONERS' REPORT. 



[Jan. 



AMHERST SAVINGS BANK — AMHERST. 

Incorporated 1864. Number of corporators, 13. 

Enos F. Cook, President. Treasurer, Samuel C. Carter. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$495,014 82 


Public funds, .... 


$63,785 16 


Earnings, undivided, 


14,765 09 


Loans on public funds, . 


2,500 00 


Guaranty fund, 


2,683 00 


Bank stock, .... 


66,604 89 






Loans on bank stock, 


1,500 00 






Railroad bonds, 


32,500 00 






Loans on railroad bonds, 


900 00 






Real estate, .... 


13,775 00 






Loans on real estate, 


224,248 00 






Loans on personal security, . 


45,810 05 






Loans to counties, cities, or 








towns, 


48,700 00 






Cash on band, .... 


12,139 81 




$512,462 91 


$512,462 91 



Loans on Public Funds, amount on each : — 
On United States Bond, par value $2,500, . 



$2,500 00 



Loans on Bank Stock, amount on each : — 
On 6 shares First National Bank, Amherst, 
On 21 shares City National Bank of Worcester, 

Loans on Railroad Bonds, amount on each : — 
On New London Northern Railroad $1,000 bond, 



$700 00 
800 00 



$900 00 



Cash on Deposit in Bank : — 
In First National Bank of Amherst, 



. $11,234 74 



Amount invested in real estate, ..... 

Estimated value of the same 

Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend > 2-J- per cent. 

for the previous year, > 2£ per cent. 

Times for the dividends fixed by the by-laws : January and July 
The total amount of loans, with each specified rate of interest 

$110,535.16, 6 per cent. ; $2,000, 6i per cent. ; $9,500, 6£ per cent. ; 

$297,908.05, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 237 

Aggregate amount of the same, 

Number of open accounts, 2,098 

Number and amount of deposits received for previous year, 1,233 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 68 

Number and amount of withdrawals, . . . 1,189 



$13,775 00 
14,000 00 
32,058 05 
11,164 41 
11,570 82 



224,558 00 

95,433 26 

39,673 00 
85,327 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



9 



Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Oct. 23. 

Public Funds. 



371 

236 



*1, 530 30 
5,000 00 







Estimated. 






Tar Value. 


Market Value. 


Amount Invested. 


United States bonds 1881, 


$30,000 


$32,475 00 


$33,260 00 


Bangor city bonds, .... 


20,000 


21,000 00 


20,500 00 


Rockland, Me., city bonds, 


5,000 


5,025 00 


5,025 00 


Bath, Me., city bonds, 


5,000 


5,000 00 


5,000 00 


Bank Stock. 


First Nat'l Bank, Easthampton, 


$8,000 


$10,000 00 


$9,060 00 


First Nat'l Bank, Holyoke, 


10,000 


11,000 00 


10,800 00 


Agawam, of Springfield, . 


5,300 


6,406 00 


6,466 00 


Crocker, of Turner's Falls, 


8,400 


8,736 00 


8,664 39 


City, of Worcester,. 


4,000 


4,400 00 


5,120 00 


Citizens', of Worcester, . 


2,500 


3,000 00 


3,062 50 


Conway, of Conway, 


2,000 


2,300 00 


2,285 00 


First, of Northampton, . 


9,500 


12,350 00 


12,930 00 


Hampshire County, of Northampton, 


3,000 


3,480 00 


3,360 00 


Hide and Leather, of Boston, . 


1,000 


1,050 00 


1,107 00 


Mechanics', of Worcester, 


1,000 


1,100 00 


1,250 00 


Northampton Nat'l Bank, 


2,500 


2,500 00 


2,500 00 


Raileoad Bonds. 


New London Northern R.R. bonds, . 


$27,500 


$28,800 00 


$27,500 00 


Vermont and Mass. R.R. bonds, 


5,000 


5,200 00 


5,000 00 



10 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ANDOVER SAVINGS BANK — ANDOVER. 

Incorporated April 2, 1834. Number of corporators, 53. 
John Abbott, Vice-President. Treasurer, John F. Ktmball. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 



31,409,867 23 

44,430 09 
10,000 00 



31,464,297 32 



Public funds, 

Loans on public funds, . 

Bank stock, 

Loans on bank stock, 

Railroad bonds, 

Real estate, by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, .... 
Deposits in bank on interest, 
Cash on band, . 



3484,000 00 

1,400 00 

114,400 00 

350 00 

219,000 00 

51,600 00 

498,784 43 

61,978 13 

20,000 00 

10,751 39 

2,033 37 



§1,464,297 32 



Loan on Public Funds, amount on eacb : — 
On United States Bonds, par value $1,500, $1,400 00 

Loans on Bank Stock : — 
Andover Savings Bank, $350 00 

Cash on Deposit in Bank: — 
Andover National Bank, $10,751 39 

Real estate by foreclosure, $51,600 00 

Estimated value of the same, . . 51,600 00 

Whole amount of interest or profits received or earned, . . . $76,945 66 
Rate and amount of each semi-annual dividend ) 2\ per cent., . i 37,703 75 

for the previous year, J 2 percent., . ( 28,910 18 

Times for the dividends fixed by the by-laws : third. "Wednesday of 

June and December. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : no extra dividend. 
The total amount of loans, with each specified rate of interest: 

$49,400, 6 per cent. ; $17,000, 6i per cent. ; $594,362.56/7 per cent. 
Number of outstanding -loans which are of an amount not 

exceeding $3,000 each, 169 

Aggregate amount of the same, 237,979 00 

J^umber of open accounts, 3,358 

Number and amount of deposits received for previous year, 1,443 137,577 48 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 132 73,288 43 

Number and amount of withdrawals, .... 1,800 336,692 52 

Number of accounts opened during the previous year, . . 321 
Number of accounts closed during the previous year, . . 464 
Amount of expenses of the corporation during previous year, . 2,100 00 
Amount of treasurer's bonds, . . . . . . . 30,000 00 

Date of examination by commissioner: Nov. 16. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



11 



Public Funds. 










Estimated 






Par Value. 


Market Value. 


A. mount Invested. 


United States bonds, 6s, 1881, . 


$20,000 


$21,600 00 


$20,000 00 


City and town bonds : — 








City of Bangor, Me. , 


25,000 


25,750 00 


25,000 00 


of Belfast, Me., 




40,000 


41,000 00 


40,000 00 


of Chelsea, Mass., . 




27,000 


29,700 00 


27,000 00 


of Cambridge, Mass., 




12,000 


13,600 00 


12,000 00 


of Fall River, Mass., 




10,000 


11,000 00 


10,000 00 


of Holyoke, Mass., . 




8,000 


8,800 00 


8,000 00 


of Lawrence, Mass., . 




20,000 


21,800 00 


20,000 00 


of Lynn, Mass., 




30,000 


32,700 00 


30,000 00 


of Lowell, Mass., 




5,000 


5,450 00 


5,000 00 


Town of Melrose, Mass., . 




15,000 


16,300 00 


15,000 00 


City of Dover, 1ST. H., 




25,500 


26,200 00 


25,500 00 


of Norwich, Conn., . 




35,000 


38,000 00 


35,000 00 


of Nashua, N.H., 




5,000 


5,150 00 


5,150 00 


of Newburyport, Mass., 




20,000 


► 21,500 00 


20,000 00 


Town of Northampton, Mass., 




33,000 


34,000 00 


33,000 00 


City of Portland, Me., . 




22,000 


22,300 00 


22,000 00 


of Portsmouth, N.H., 




32,500 


33,500 00 


32,500 00 


of Rockland, Me., . 




10,000 


10,000 00 


10,000 00 


of Salem, Mass., 




20,000 


22,000 00 


20,000 00 


of Somerville, Mass., 




40,000 


41,000 00 


40,000 00 


of Worcester, Mass., 




5,900 


5,350 00 


5,000 00 


Town of Wakefield, Mass. 




17,000 


17,800 00 


17,000 00 


City of Lewiston, Me.., 


7,000 


5,350 00 


7,000 00 


Bank 


Stock. 






Andover Nat'l Bank, Andover, 


$24,100 


$27,700 00 


$24,100 00 


Bay State Nat'l Bank, Lawrence, . 


7,500 


10,000 00 


7,500 00 


Blackstone Nat'l Bank, Boston, 


7,500 


7,000 00 


7,500 00 


Continental Nat'l Bank, Boston, 


3,600 


3,200 00 


3,600 00 


Merchants' Nat'l Bank, Boston, 


2,500 


3,000 00 


2,500 00 


Revere Nat'l Bank, Boston, 


26,300 


26,300 00 


26,300 00 


Nat'l Bank of Republic, Boston, 


22,500 


26,000 00 


22,500 00 


Webster Nat'l Bank, Boston, . 


15,400 


14,300 00 


15,400 00 


Wachusett Nat'l Bank, Fitchburg, . 


5,000 


6,000 00 


5,000 00 


Railroad Bonds. 


Boston and Albany Railroad bonds, . 


$15,000 


$17,700 00 


$15,000 00 


Boston and Maine Railroad bonds, . 


50,000 


58,000 00 


50,000 00 


Boston and Lowell Railroad bonds, . 


64,000 


72,900 00 


64,000 00 


Cheshire Railroad bonds, 


25,000 


25,000 00 


25,000 00 


Old Colony Railroad bonds, 


20,000 


22,800 00 


20,000 00 


New Bedford Railroad bonds, . 


10,000 


10,000 00 


10,000 00 


Worcester and Nashua R.R. bonds, . 


10,000 


9,500 00 


10,000 00 


Agricultural Branch R.R. bonds, . 


25,000 


24,000 00 


25,000 00 



12 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ARLINGTON FIVE CENTS SAVINGS BANK — ARLINGTON. 

Incorporated 1860. Number of corporators, 29. 
Albert Winn, President. Treasurer, Abel R. Proctok. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$600,579 54 


Public funds, .... 


$32,000 00 


Earnings, undivided, 


9,121 59 


Loans on public funds, . 


50 00 


Guaranty fund, 


7,583 33 


Bank stock, .... 


22,624 75 






Railroad bonds, 


5,050 00 






Real estate, .... 


26,396 59 






Real estate by foreclosure, 


37,318 51 






Loans on real estate, 


400,751 47 






Loans on personal security, . 


34,821 77 






Loans to counties, cities, or 








towns, 


40,300 00 






Deposits in banks on interest, 


17,055 80 






Expense account, 


413 43 






Tax account, .... 


259 23 






Unsettled insurance, 


37 50 






Cash on hand, .... 


205 41 




$617,284 46 


$617,284 46 



Loans on Public Funds, amount on each : — 
On United States Bonds, 6s 1867, $500, . 



$50 00 



Amount invested in real estate, $26,396 59 

Estimated value of the same, 26,396 59 

Amount of real estate by foreclosure, 37,318 51 

Estimated value of the same, 40,000 00 



Cash on Deposit in Bank : — 
Faneuil Hall National Bank of Boston, $17,055 80 

Whole amount of interest or profits received or earned, . . . $38,957 67 
Rate and amount of each semi-annual dividend ) 2\ per cent., . C 16,032 28 

for the previous year, ) 2$ per cent., . ( 14,672 44 

Times for the dividends fixed by the by-laws : Jan. 1, July 1. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6 per cent. 
The total amount of loans, with each specified rate of interest : 

$3,000, per cent. ; $5,000, 5 per cent. ; $55,700.38, 6 per cent. ; 

$12,500, 6£ per cent. ; $353,700.86, 7 per cent. ; $5,722, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 236 

Aggregate amount of the same, 223,936 24 

Number of open accounts, 2,045 

Number and amount of deposits receiyed, . . . 1,286 111,149 35 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 65 35,243 41 

Number and amount of withdrawals, .... 1,454 161,298 99 
Number of accounts opened during the previous year, . . 163 
Number of accounts closed during the previous year, . . 198 



1879.] 



PUBLIC DOCUMENT — No. 8. 



13 



Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Aug. 28. 



$1,425 88 
10,000 00 



Public Funds. 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 1881, 
" " " 1867, 


$8,500 
23,500 


$9,180 00 
24,910 00 


$8,500 00 
23,500 00 


Bank Stock. 



Nat'l Bank of Republic, Boston, 
Nat'l Bank of Redemption, Boston, 
Union Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
First Ward Nat'l Bank, Boston, 
Eleventh Ward Nat'l Bank, Boston 
Faneuil Hall Nat'l Bank, Boston, 
Nat'l Bank North America, Boston 



$3,300 
1,000 
1,200 
5,000 
2,800 
1,800 
1,000 
2,500 



$4,109 50 
1,200 00 
1,502 
4,300 
2,170 
810 
1,230 
2,500 



00 
00 
00 
00 
00 
00 



$4,281 50 
1,353 75 
1,644 
5,955 
2,856 
2,248 
1,310 
2,975 



00 
75 
25 

50 1 

00 

00 



Railroad Bonds. 



Eastern Railroad bonds, . 



$5,500 



$3,905 00 



$5,050 00 



1 Includes assessment paid. 



14 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ASHBURNHAM SAVINGS BANK — ASHBUBNHAM. 

Incorporated May 11, 1871. Number of corporators, 55. 

A. A. Walker, President. Treasurer, George W. Eddy. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$24,417 23 


Public funds, .... 


$2,100 00 


Earnings, undivided, 


186 97 


Bank stock, .... 


7,537 25 


Guaranty fund, 


150 00 


Loan on bank stock, 


2,000 00 


Interest, . 


1,068 31 


Loans on real estate, 


9,677 60 






Loans on personal security, . 


2,666 37 






Loans to counties, cities, or 








towns, 


1,099 77 






Expense account, 


123 17 






Deposit in bank on interest, . 


616 31 


* 




Cash on band, .... 


2 04 




$25,822 51 


625,822 51 



Loans on Bank Stock : — 
On 25 shares First National Bank of Ashburnham, 



$2,000 00 



Cash on Deposit in Bank : — 
In First National Bank of Ashburnham, 

Whole amount of interest or profits received or earned, . 
Bate and amount of one dividend for the previous year, July divi- 
dend passed, 2 per cent, 

Times for the dividends fixed by the by-laws : January and July. 

The total amount of loans with each specified rate of interest: 
§366.37, 6 per cent.; $5,600, 6£ per cent. ; $7,925, 7 per cent.; 
$452.60, 7i per cent. 

Number of outstanding loans which are of an amount not 
exceeding $3,000 each, 21 

Aggregate amount of the same, 



$616 31 

$1,137 79 

558 32 



Number of open accounts, 

Number and amount of deposits received for previous year, . 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, 

Number of accounts opened during the previous year, . 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: Oct. 25. 



147 

74 

3 
114 

28 
24 



$14,343 97 

5,629 80 

1,405 00 
• 10,827 86 



123 17 
20,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



15 



' 


Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 4£ per cent., . 
" " " 4 per cent. , . 

City and town bonds : — 
Chelsea, 


$1,000 
1,000 

1,000 


$1,037 50 
1,000 00 

1,100 00 


$1,162 27 
1,000 00 

1,090 00 



Bank Stock. 



Nat'l Bank of Redemption, Boston, . 


$1,000 


$1,200 00 


$1,505 00 


Market Nat'l Bank, Boston, . 


1,000 


910 00 


1,122 50 


Suffolk Nat'l Bank, Boston, . 


1,500 


1,650 00 


1,863 75 


Blackstone Nat'l Bank, Boston, 


900 


855 00 


1,191 00 


First ISTat'l Bank, Boston, 


1,000 


1,690 00 


1,855 00 



ATHOL SAVINGS BANK — ATHOL. 

Incorporated Feb. 12, 1867. Number of corporators, 36. 

Charles C. Bassett, President. Treasurer, Alpheus Harding. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$788,896 85 


Public funds, .... 


$78,000 00 


Earnings, undivided, 


4,696 69 


Loans on public funds, . 


3,200 00 


Guaranty fund, 


6,960 85 


Bank stock, .... 


17,800 00 






Loans on bank stock, 


26,650 00 






Real estate by foreclosure, 


3,028 25 






Loans on real estate, 


423,905 52 






Loans on personal security, . 


116,910 10 






Loans to counties, cities, or 








towns, 


96,580 00 






Loans to banks on interest, . 


33,000 00 






Expense account, 


626 60 






Cash -on hand, .... 


853 92 




$800,554 39 


$800,554 39 



Loans on Public Funds, amount on each : — 
On United States Bonds, par value $3,200, 

Loans on Bank Stock, amount on each : — 
On 21 shares Athol National Bank, . 
On 100 shares South Reading National Bank, . 
On 152 shares Miller's River National Bank, , 

Cash on Deposit in Bank : — 
Miller's River National Bank, , 



. $3,200 00 



, $2,100 00 
10,000 00 
14,950 00 



. $33,000 00 



16 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Amount of real estate by foreclosure, $3,028 25 

Estimated value of the same, 3,500 00 

Whole amount of interest or profits received or earned, . . . 49,379 47 
Rate and amount of each semi-annual dividend ) 2\ per cent., . C 19,390 G4 

for'the previous year, > 2\ per cent., . ( 19,303 93 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$25,300, 4 per cent. ; $16,000, 4f per cent. ; $41,800, 5 per cent. ; 

$171,434.15, 6 per cent. ; $498,511.47, 6-£- per cent. ; $5,000, 7 per 

cent, ; $5,000, 7 T 3 g per cent. 
Average annual per cent of dividends for the term ending at time 

of and including last extra dividend : 5| per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 397 

Aggregate amount of the same, 326,761 47 

Number of open accounts, 2,696 

Number and amount of deposits received for previous year, 6,341 146,053 91 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, .' 113 62,164 33 

Number and amount of withdrawals, .... 1,393 162,853 05 
Number of accounts opened during the previous year, . . 328 
Number of accounts closed during the previous year, . . 359 
Amount of expenses of the corporation during previous year, . 2,341 46 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner: Oct. 24. 

Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 


$10,000 


$12,000 00 


$10,000 00 


City and town bonds : — 








Cambridge, ..... 


10,000 


10,600 00 


10,000 00 


Lynn, 








10,000 


11,000 00 


10,000 00 


Portland, Me., . 








5,000 


5,325 00 


5,000 00 


Meriden, Conn., 








14,000 


14,840 00 


14,000 00 


Hyde Park, 








5,000 


5,300 00 


5,000 00 


Newton, . 








10,000 


10,400 00 


10,000 00 


Charlestown, . 








10,000 


10,250 00 


10,000 00 


Wakefield, 








4,000 


4,130 00 


4,000 00 



Bank Stock. 



Blackstone Nat'l Bank, Boston, 


$1,100 


$1,045 00 


$1,100 00 


Central Nat'l Bank, Boston, . 


5,000 


4,150 00 


5,000 00 


Eliot Nat'l Bank, Boston, 


1,000 


970 00 


1,000 00 


Eagle Nat'l Bank, Boston, 


5,000 


5,150 00 


5,000 00 


First Nat'l Bank, Barre, 


3,000 


3,750 00 


3,000-00 


Miller's River Nat'l Bank, Athol, . 


2,700 


4,050 00 


2,700 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



17 



ATTLEBOROUGH SAVINGS BANK — NORTH ATTLEBOROUGH. 

Incorporated Feb. 2, 1860. Number of corporators, 74. 
Abiel Codding, Jun., President. Treasurer, Edward R. Price. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$259,485 40 
3,616 65 
4,100 00 


-Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

towns, 

Expense account, 

Cash on band, .... 


$7,145 89 

172,267 00 

64,372 00 

18,000 00 

83 33 

5,333 83 




$267,202 05 


$267,202 05 



Cash, on Deposit in Bank : — 

Attleborough National Bank, $5,333 83 

Amount of real estate by foreclosure $7,145 89 

Estimated value of the same, 6,700 00 



Whole amount of interest or profits received or earned, . . . $16,107 44 
Rate and amount of each semi-annual dividend ) 2£ per cent., . ) 6,936 72 

for the previous year, ) 2£ per cent., . ) 6,176 43 

Times for the dividends fixed by the by-laws : April and October, 

Tuesday after second Monday. 
The total amount of loans, with each specified rate of interest: 

$104,850, 6 per cent. ; $75,541.75, 7 per cent. ; $1,700, 7£ per cent. ; 

$67,605, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 157 

Aggregate amount of the same, . . . . . . . 138,846 75 

Number of open accounts, 973 

Number and amount of deposits received for previous year, . 583 56,625 08 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 27 14,967 13 

Number and amount of withdrawals, 547 99,999 87 

Number of accounts opened during the previous year, . . 154 
Number of accounts closed during the previous year, . . 221 
Amount of expenses of the corporation during previous year, . 1,214 60 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Sept. 9. 
3 



18 



BANK COMMISSIONERS' REPORT. 



[Jan, 



BAKEtE SAVINGS BANK — BARRE. 

Incorporated May, 1869. Number of corporators, 62. 
Charles Brimblecom, President. Treasurer, Edwin Woods. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$300,980 71 
6,580 28 
1,620 00 


Public funds, .... 
Bank stock, .... 
Railroad bonds, 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to banks on interest, . 
Expense account, 


$7,470 00 

147,263 41 

6,060 00 

5,000 00 

113,748 67 

17,610 48 

11,993 02 

35 41 


• 


$309,180 99 


$309,180 99 



Amount of real estate by foreclosure, 
Estimated value of real estate, . 



$5,000 00 
6,000 00 



Cash on Deposit in Bank : — 
First National Bank, Barre, 



$11,993 02 



Whole amount of interest or profits received or earned, . . . $16,859 45 
Rate and amount of each semi-annual dividend ) 2-£- per cent., . (" 7,913 52 

for the previous year, . . . . . )2 percent., . (. 6,143 32 
Times for the dividends fixed by the by-laws : January and July 15. 
The total amount of loans, with each specified rate of interest: 

$10,000, 6 per cent; $94,248.67, 7 per cent.; $7,600.48, 7£ per 

cent. ; $4,500, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 71 

Aggregate amount of the same, 64,859 15 

Number of open accounts, 1,018 

Number and amount of deposits received for previous year, 388 40,962 44 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 21 9,220 77 

Number and amount of withdrawals, 537 40,655 79 

Number of accounts opened during the previous year, . . 68 
Number of accounts closed during the previous year, . . 132 
Amount of expenses of the corporation during previous year, . 1,000 00 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Aug. 21. 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



19 



' 


Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City bonds : — 
City of Portland, .... 
of Bangor, .... 


$4,000 
4,000 


$4,080 00 
4,040 00 


$4,000 00 
3,470 00 



Bank Stock. 



Atlantic Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Boston Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Exchange Nat'l Bank, Boston, 
First Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston 
Howard Nat'l Bank, Boston, . 
Mechanics' Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Redemption Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Second Nat'l Bank, Boston, 
Shoe and Leather Nat'l B'k, Boston 
Merchants' Nat'l Bank, Boston, 
Maverick Nat'l Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Webster Nat'l Bank, Boston, . 
Ware Nat'l Bank, Ware, 
Market Nat'l Bank, Brighton, . 
Old Boston Nat'l Bank, Boston, 
First Nat'l Bank, Worcester, . 
Central Nat'l Bank, Worcester, 
City Nat'l Bank, Worcester, . 
Citizens' Nat'l Bank, Worcester, 
Barre Nat'l Bank, Barre, 



$1,000 
1,200 
4,200 
2,000 
6,400 
4,200 
1,700 
2,500 
1,800 
7,000 
2,500 
6,200 
2,800 
2,500 
4,600 
900 
3,000 
3,400 
2,000 
5,000 
3,400 
6,100 
3,300 
900 
5,000 
3,500 
2,500 
5,500 
5,000 
2,100 
7,400 



$1,250 00 

1,320 00 

3,990 

2,080 

5,696 

3,318 

1,462 

2,425 

2,430 
11,630 

2,525 

6,448 00 

3.136 00 

2,500 

5,500 
900 

'3,300 

4,488 

2,000 

6,250 00 

4,760 00 

6,059 

3,234 

1,125 

7,000 

4,270 

2,525 

7,315 

5,100 

2,457 



00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



50 
00 
00 
00 
00 
00 
00 
00 
00 



9,250 00 



$1,262 00 

1,469 00 

5,722 

2,785 

7,975 

5,274 

2,018 

2,991 

2,977 
12,616 

2,912 

6,755 

3,500 

2,718 

6,263 

1,185 

3,753 

5,032 

2,800 

6,950 00 

4,248 72 

7,837 

3,462 

1,096 

8,660 

5,407 

2,912 

8,050 

6,830 00 

2,960 00 
10,042 00 



59 
33 

27 
50 
5Q 
00 
50 
25 
70 
65 
00 
75 
50 
00 
75 
35 
00 



25 
63 
25 

00 
50 
70 
00 



Railroad Bonds. 



Rutland Railroad bonds, . 
Eastern Railroad bonds, . 




$350 00 
3,600 00 



$860 00 
5,200 00 



20 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BASS RIVER SAVINGS BANK* — SOUTH YARMOUTH. 

Incorporated April 20, 1874. Number of corporators, 31. 

David Keeley, President. Treasurer, David D. Kelley. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$200,137 13 

9,643 62 

623 20 


Public funds, 
Bank stock, 
Loans on bank stock, 
Railroad bonds, 
Loans on real estate, 
Loans on personal security, 
Deposit in bank on interest, 
Cash on band, . 




$2,000 00 

106,810 12 

300 00 

10,436 45 

28,682 50 

53,491 50 

6,599 90 

2,083 48 


* 


$210,403 95 






$210,403 95 



Loans on Bank Stock, amount on each : — 
On 3 shares First National Bank, Yarmouth, 

Cash on Deposit in Bank : — 
Maverick National Bank, .... 



$300 00 



$6,599 90 

Whole amount of interest or profits received or earned, . . . $11,850 62 
Rate and amount of each semi-annual dividend for the previous 

year, None. 

Times for the dividends fixed by the by-laws : April 1 and Oct. 1. 
The total amount of loans, with each specified rate of interest : 
4 per cent. ; $36,841.50, 6 per cent. ; $15,900, 6i per cent. ; 
,132.50, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . . . . . . 101 

Aggregate amount of the same, 49,529 00 

Number of open accounts, 874 

Number and amount of deposits received for previous year, . 164 19,500 46 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 22 11,590 63 

Number and amount of withdrawals, ..... 500 48,636 15 

Number of accounts opened during the previous year, . . 55 

Number of accounts closed during the previous year, . . 75 

Amount of expenses of the corporation during previous year, . 772 52 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner: May 15. 



1 An order regulating the payment of deposits for one year, limiting them to an amount not 
exceeding fifteen per cent, each six months, was issued May 16, 1878. 



1879.] 



PUBLIC DOCUMENT— No. 8. 
Public Funds. 



21 



• 


Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City bonds : — 
City of Somerville, .... 


$2,000 


$2,020 00 


$2,000 00 


Bank Stock. 



Citizens' Nat'l Bank, New Bedford, 
First Nat'l Bank, New Bedford, 
First Nat'l Bank, Yarmouth, . 
Everett Nat'l Bank, Boston, . 
Nat'l Bank of Redemption, Boston, 
Faneuil Hall Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Exchange Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Nat'l Bank of Commerce, Boston, 
Manufacturers' Nat'l Bank, Boston, 
Nat'l Bank of No. America, Boston, 
Eagle Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Old Boston Nat'l Bank, Boston, 
Nat'l Revere Bank, Boston, . 
Blackstone Nat'l Bank, Boston, 
Merchandise Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Republic Nat'l Bank, Boston, . 
Mount Vernon Nat'l Bank, Boston, 
Third Nat'l Bank, Boston, 



$2,000 
2,400 
1,500 
7,000 
5,000 
3,000 
4,000 
5,600 
5,000 
4,900 
1,000 
4,500 
2,000 
2,500 
2,100 
1,100 
2,000 
700 
400 
800 
3,800 
8,600 
8,200 
2,500 
1,200 



$1,600 00 
2,160 00 
1,800 00 
6,650 00 
6,000 00 
3,690 00 
3,600 00 
7,000 00 
6,700 00 
6,468 00 
1,100 00 
4,950 
1,600 
2,125 
2,100 
1,100 
1,900 

854 

400 

740 

3,420 

8,600 

10,250 00 

2,125 00 

984 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



00 
25 
00 
00 
50 
00 
00 
00 



$2,025 

2,905 

2,194 

8,463 

7,212 

4,170 

5,100 

8,097 

9,050 00 

7,672 25 

1,200 

5,713 

2,570 

2,675 

2,436 

1,354 

2,370 

1,064 
457 
952 

3,862 

9,823 75 
10,994 50 

3,115 00 

1,332 00 



00 
75 
00 
00 
00 
37 
00 
00 
75 
50 
50 



Railroad Bonds. 



Old Colony Railroad bonds, 7s, 
" " " 6s, 

New Bedford Railroad bonds, 7s, 




$4,520 00 
3,150 00 
3,150 00 



$4,210 00 
3,128 50 
3,097 95 



22 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BENJAMIN FRANKLIN SAVINGS BANK — FRANKLIN. 

Incorporated Feb. 20, 1871. Number of corporators, 38. 

Davis Thayer, Jun., President. Treasurer, Charles "W. Stewart. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


§224,679 74 


Public funds, .... 


§21,223 50 


Earnings, undivided, 


3,310 26 


Bank stock, .... 


53,558 12 


Guaranty fund, 


2,001 05 


Real estate by foreclosure, 


7,500 00 






Loans on real estate, 


130,405 00 






Loans on personal security, . 


11,180 00 






Loans to cities and towns, 


3,000 00 






Deposit iu bank on interest, . 


994 97 






Expense account, 


420 44 






Furniture, 


562 31 






Suspense account, 


208 84 


4 




Tax refunded, .... 


216 09 






Cash on band, .... 


721 78 




§229,991 05 


§229,991 05 



Real estate by foreclosure, $7,500 00 

Estimated value of the same, . 10,000 00 



"Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2| per cent., 

for the previous year, > 2-J per cent., 

Times for the dividends fixed by the by-laws : January and July. 



$14,563 65 
5,838 76 
5,498 62 



Cash on Deposit in Banks : — 

Franklin National Bank, Franklin, $28 26 

New England Trust Company, Boston, . . . . . . 966 71 

The total amount of loans, with each specified rate of interest: 

$966.71, 2£ per cent. ; $3,000, 3 per cent. ; $4,000, 6 per cent. ; 

137,585, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 142 

Aggregate amount of the same, $117,425 00 

Number of open accounts, 1,142 

Number and amount of deposits received for previous year, . 579 45,659 19 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 50 23,124 28 

Number and amount of withdrawals, 722 80,192 00 

Number of accounts opened during the previous year, . . 101 
Number of accounts closed during the previous year, . , 156 
Amount of expenses of the corporation during previous year, . . 1,171 76 

Amount of treasurer's bonds, 5,000 00 

Date of examination by commissioner : Dec. 16. 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



23 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 4£s, 

City bonds : — 
City of Bajh, Me., . 
of Lewiston, Me., 


$16,000 

2,000 
3,000 


$16,000 00 

2,000 00 
3,000 00 


$16,312 50 

1,815 00 
3,096 00 



Bank Stock. 



Wrentham Nat'l Bank, Wrentham, 
Franklin Nat'l Bank, Franklin, 
Tremont Nat'l Bank, Boston, . 
Hide and Leather Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Washington Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Revere Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Shoe and Leather Nat'l B'k, Boston 
Colnmbian Nat'l Bank, Boston, 
No. America Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 



$1,260 

12,900 

3,100 

900 
2,500 
2,300 
7,000 
1,000 
1,600 
3,700 

800 
1,400 
1,500 
3,000 

500 



$1,530 00 


14,190 00 


3,151 75 


918 00 


2,800 00 


2,806 00 


6,685 00 


905 00 


1,572 00 


3,071 00 


802 00 


1,820 00 


1,440 00 


3,300 00 


500 00 



$1,620 00 
15,255 00 
3,902 37 
1,032 75 
2,902 50 
3,266 00 
8,887 50 
1,100 00 
1,776 00 
4,744 00 
1,137 00 
1,845 00 
1,680 00 
3,790 00 
620 00 



24 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BERKSHIRE COUNTY SAVINGS BANK — PITTSFIELD. 

Incorporated 1847. Number of corporators, 46. 
Julius Rockwell, President. Treasurer, Robert W. Adam. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,654,120 95 


Public funds, .... 


$320,000 00 


Earnings, undi- 




Bank stock, .... 


95,220 00 


vided, 


11,197 83 


Loans on bank stock, 


36,060 00 


Guaranty fund, . 


10,000 00 


Railroad bonds, 


10,000 00 


Collateral secu- 




Real estate by foreclosure, 


27,683 40 


rity account, . 


40 00 


Loans on real estate, 


861,891 02 






Loans on personal security, . 


264,376 04 






Loans to counties, cities, or 








towns, 


44,000 00 


4 




Expense account, 


3,716 50 






Cash on hand, . . . 


12,411 82 




$1,675,358 78 


$1,675,358 78 



Loans on Bank Stock, amount on each : — 
On 34 shares Agricultural National Bank, Pittsfield, 
On 251 shares Pittsfield National Bank, Pittsfield, . 
On 10 shares First National Bank of Adams, . 



$3,000 00 

31,160 00 

1,000 00 



Amount of real estate by foreclosure, $101,983 40 

Estimated value of the same, 100,600 00 

Cash on Deposit in Banks : — 

Agricultural National Bank, . . . . . * . . $5,973 63 

Pittsfield National Bank, 5,641 29 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend > 1\ per cent., 

for the previous year, ) 2$ per cent., 

Times for the dividends fixed by the by-laws : January and July. , 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6£ per cent. 
The total amount of loans, with each specified rate of interest: 

$2,000, 5i per cent. ; $17,000, 6 per cent. ; $1,193,027.06, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .307 

Aggregate amount of the same, 

Number of open accounts, 5,263 

Number and amount of deposits received for previous year, 2,948 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 153 

Number and amount of withdrawals, .... 4,417 
Number of accounts opened during the previous year, . . 721 
Number of accounts closed during the previous year, . 1,070 



:l 



$103,206 62 
44,763 40 
40,944 68 



475,128 85 

229,599 20 

80,335 40 
525,669 90 



1879.] 



PUBLIC DOCUMENT — No. 8. 



25 



Amount of expenses of the corporation during previous year, . . $6,137 47 

Amount of treasurer's bonds, 50,000 00 

Date of examination by commissioner : Dec. 19. 



Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 

State bonds, Connecticut, 

Town of Pittsfield, . 
Town of Adams, 
City of Charlestown, 



$235,000 

5,000 

50,000 

25,000 

5,000 



$249,994 00 

5,300 00 

52,850 00 

26,250 00 

5,300 00 



$235,000 00 

5,000 00 

50,000 00 

25,000 00 

5,000 00 



Bank Stock. 



Howard Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston 
North Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Atlantic Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston, 
Hadley Falls Nat'l B'k. So. Hadley, 
Chicopee Nat'l Bank, Springfield, 
Lee Nat'l Bank, Lee, 
Pittsfield Nat'l Bank, Pittsfield, 
Agricultural Nat'l Bank, Pittsfield 
Adams Nat'l Bank, North Adams, 



$3,200 
2,000 
4,100 
3,500 

10,000 
6,800 
4,500 

12,000 
8,000 
8,000 
8,000 
2,500 
2,000 
6,000 
6,720 
4,500 
3,200 
200 



$3,328 00 


2,100 00 


3,895 00 


3,850 00 


9,000 00 


8,500 00 


5,636 00 


12,000 00 


8,240 00 


7,840 00 


7,360 00 


2,550 00 


3,100 00 


8,400 00 


7,500 00 


6,075 00 


5,440 00 


250 00 



$3,200 00 
2,000 00 
4,100 00 
3,500 00 

10,000 00 
6,800 00 
4,500 00 

12,000 00 
8,000 00 
8,000 00 
8,000 00 
2,500 00 
2,000 00 
6,000 00 
6,720 00 
4,500 00 
3,200 00 
200 00 



Railroad Bonds. 



Worcester and Nashua R.R. bonds, . 




$10,000 00 



26 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BEVERLY SAYINGS BANK — BE YERLY. 

Incorporated February, 1867. Number of corporators, 34. 

"William Endicott, President. Treasurer, R. G-. Bennett. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$485,640 69 


Public funds, .... 


$10,793 75 


Earnings, undivided, 


8,269 15 


Loans on public funds, . 


200 00 


Guaranty fund, 


3,150 06 


Bank stock, . . 


163,095 48 






Loans on bank stock, 


6,400 00 






Railroad bonds, 


2,100 00 






Real estate by foreclosure, 


20,035 82 






Loans on real estate, 


282,524 00 






Loans on personal security, . 


9,150 00 






Expense account, 


1 15 






Bills receivable, 


100 00 






Cash on band, . . . 


2,659 70 




$497,059 90 


$497,059 90 



Loans on Public Funds, amount on eacb : — 
On United States Bonds, 5-20, par value $500, . 



$200 00 



Loans on Bank Stock, amount on eacb : — 

On 60 shares Beverly National Bank, Beverly, $5,900 00 

Danvers Savings Bank book, . 500 00 

Amount of real estate by foreclosure, $20,035 82 

Estimated value of the same, 20,000 00 

Cash on Deposit in Bank : — 
Beverly National Bank, Beverly, . . . . . . . $2,659 70 

Whole amount of interest or profits received or earned, . . . $30,684 19 
Rate and amount of each semi-annual dividend > 2 per cent., . ( 9,848 34 

for the previous year, . . . . .)2 per cent., .\ 9,289 69 

Times for the dividends fixed by the by-laws : fourth Wednesday 

of April and October. 
The total amount of loans, with each specified rate of interest: 

$298,274, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 272 

Aggregate amount of the same, ........ 252,474 00 

Number of open accounts, 1,803 

Number and amount of deposits received for previous year, 4,371 71,371 76 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 44 24,780 57 

Number and amount of withdrawals, . . . . 1,059 102,703 22 

Number of accounts opened during the previous year, . . 192 
Number of accounts closed during the previous year, 219 



1879.] 



PUBLIC DOCUMENT — No. 8. 



27 



Amount of expenses of the corporation during previous year, . . $998 65 

Amount of treasurer's bonds, • . . 15,000 00 

Date of examination by commissioner : Nov. 21. 



Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States 10-40, 5s, 
" " new 5s, 



$5,000 
5,000 



$5,300 00 
5,212 50 



$5,400 00 
5,393 75 



Bank 


Stock. 






Atlas Nat'l Bank, Boston, 


$5,000 


$5,500 00 


$5,954 87 


City Nat'l Bank, Boston, . 


10,000 


10,700 00 


11,202 50 


Continental Nat'l Bank, Boston, 


5,000 


4,250 00 


5,581 25 


Eagle Nat'l Bank, Boston, 


5,000 


5,150 00 


5,864 50 


Revere National Bank, Boston, 


3,800 


3,800 00 


4,799 50 


Massachusetts Nat'l Bank, Boston, . 


10,000 


10,450 00 


12,301 99 


North Nat'l Bank, Boston, 


5,000 


5,625 00 


6,032 62 


Howard Nat'l Bank, Boston, . 


5,000 


5,200 00 


5,398 62 


Hide and Leather Nat'l B'k, Boston, 


5,000 


5,200 00 


5,398 62 


Republic Nat'l Bank, Boston, . 


5,000 


6,225 00 


6,480 00 


Freeman's Nat'l Bank, Boston, 


5,000 


4,525 00 


5,652 25 


Merchandise Nat'l Bank, Boston, . 


4,500 


4,117 50 


4,500 00 


Shoe and Leather Nat'l B'k, Boston, 


' 5,000 


5,012 50 


7,044 00 


Traders' Nat'l Bank, Boston, . 


10,000 


9,000 00 


11,025 75 


Tremont Nat'l Bank, Boston, . 


5,000 


4,962 50 


6,137 50 


Webster Nat'l Bank, Boston, . 


5,000 


4,650 00 


5,403 00 


First Nat'l Bank, Lynn, . 


5,000 


5,500 O'O 


5,958 50 


Nat'l Grand Bank, Marblehead, 


1,800 


1,944 00 


2,021 00 


Asiatic Nat'l Bank, Salem, 


1,380 


1,656 00 


1,912 25 


Nat'l Exchange Bank, Salem, . 


3,300 


3,465 00 


4,135 00 


First Nat'l Bank, Salem, 


3,700 


4,070 00 


4,829 88 


Mercantile Nat'l Bank, Salem, 


3,700 


3,885 00 


4,223 25 


Merchants' Nat'l Bank, Salem, 


200 


240 00 


273 25 


Salem Nat'l Bank, Salem, 


5,000 


5,250 00 


5,768 50 


Beverly Nat'l Bank, Beverly, . 


20,000 


23,000 00 


24,729 50 



Railroad Bonds. 



Eastern Railroad bonds, . 



$3,000 



$2,160 00 



$2,100 00 



28 



BANK COMMISSIONERS' REPORT. 



[Jan. 



•BOSTON FIVE CENTS SAVINGS BANK — BOSTON. 

Incorporated April 7, 1854. Number of corporators, 50. 
Alonzo H. Evans, President. Treasurer, Curtis C. Nichols. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$8,675,265 54 


Public funds, .... 


$1,411,000 00 


Earnings, undi- 




Loans on public funds, . 


61,000 00 


vided, 


267,029 09 


Bank stock, .... 


366,687 50 


Guaranty fund, . 


75,185 65 


Loans on bank stock, . 


14,600 00 






Railroad bonds, 


140,000 00 






Real estate, .... 


138,226 44 






Real estate by foreclosure, 


160,570 10 






Loans on real estate, 


4,962,738 01 


a. 




Loans on personal security, . 


198,017 25 






Loans to towns, 


651,000 00 






Deposits in banks on interest, 


849,320 62 






Expense account, 


17,197 91 






Accrued interest, 


43,412 81 






Cash on hand, .... 


3,709 64 




$9,017,480 28 


$9,017,480 28 



Loans on Public Funds, amount on each : — 
On United States Bonds, $61,000, 



$61,000 00 



Loans on Bank Stock, amount on each : — 
On 146 shares Maverick National Bank, Boston, 



$14,600 00 



Amount invested in real estate, . 
Estimated value of the same, 
Amount of real estate by foreclosure, 
Estimated value of the same, 



$138,226 44 
170,000 00 
160,570 10 
140,000 00 



Cash on Deposit in Banks: — 
North America National Bank, Boston, 
Security National Bank, Boston, . . 
Commonwealth National Bank, Boston, . 
Maverick National Bank, Boston, 
Exchange National Bank, Boston, 
Hide and Leather National Bank, Boston, 
Shoe and Leather National Bank, Boston, 
Central National Bank, Boston, . 
Merchandise National Bank, Boston, 
Third National Bank, Springfield, 
Commerce National Bank, Boston, . 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent., 

. . . -|2 



for the previous year, 



2 per cent., 



$70,449 43 
100,093 75 
256,102 79 
33,528 42 
86,733 46 
37,700 36 
50,459 86 
22.401 94 
51,289 84 
50,000 00 
90,560 77 

$695,825 46 
[ 204,033 99 
[ 170,891 72 



1879.] 



PUBLIC DOCUMENT — No. 8. 



29 



Times for the dividends fixed by the by-laws : second Wednesday 

of April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend, for five years : 7 

per cent. 
The total amount of loans, with each specified rate of interest: 

$50,000, 3 per cent. ; $185,000, 4 per cent. ; $15,000, 4£ per cent. ; 

$316,000, 5 per cent. ; $20,000, 5£ per cent. ; $1,021,669.50, 6 per 

cent.; $1,107,407.50, 6£ per cent.; $2,098,878.26, 7 per cent.; 

$70,700, 7 T % per cent, 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 257 

Aggregate amount of the same, . $412,466 66 

Number of open accounts, 64,133 

Number and amount of deposits received for previous year, 26,401 1,432,906 42 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 
Number and amount of withdrawals, 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : June 1. 



. 557 313,459 47 
56,199 6,317,919 73 

3,959 
13,624 

. 30,811 88 
. ' 25,000 00 



Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 


$600,000 


$696,000 00 


$600,000 00 


State bonds, Maine, 


50,000 


55,500 00 


50,000 00 


City bonds : — 








City of Boston, .... 


419,000 


448,570 00 


419,000 00 


of Salem, ..... 


100,000 


102,000 00 


100,000 00 


of Cambridge, .... 


40,000 


41,200 00 


40,000 00 


of Chelsea, .... 


74,000 


78,860 00 


74,000 00 


of Somerville, .... 


128,000 


131,370 00 


128,000 00 



Bank Stock. 



Third Nat'l Bank, Springfield, 


$10,000 


$15,000 00 


$10,000 00 


Boston Nat'l Bank, Boston, 


15,000 


13,350 00 


15,287 50 


Hide and Leather Nat'l B'k, Boston, 


32,500 


32,825 00 


32,500 00 


Republic Nat'l Bank, Boston, . 


15,000 


18,675 00 


15,000 00 


Second Nat'l Bank, Boston, 


12,000 


15,870 00 


12,000 00 


First Nat'l Bank, Boston, 


25,000 


42,312 50 


25,000 00 


Blackstone Nat'l Bank, Boston, 


41,100 


39,045 00 


41,100 00 


Suffolk Nat'l Bank, Boston, . 


17,100 


18,810 00 


17,100 00 



30 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Shawmut Nat'l Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Continental Nat'l Bank, Boston, 
Rockland Nat'l Bank, Boston, . 
Washington Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Revere Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
Commonwealth Nat'l Bank, Boston 
Commerce Nat'l Bank, Boston, 
Merchandise Nat'l Bank, Boston, 



$10,000 
29,500 
10,000 
20,000 
15,000 
20,000 
22,500 
4,700 
7,500 
28,000 
16,500 
15,000 



$10,500 00 

29,278 75 

8,500 00 

23,700 00 

18,787 50 

20,800 00 

22,275 00 

5,875 00 

6,993 75 

26,600 00 

13,117 50 

13,725 00 



$10,000 00 
29,500 00 
10,000 00 
20,000 00 
15,000 00 
20,000 00 
22,500 00 
4,700 00 
7,500 00 
28,000 00 
16,500 00 
15,000 00 



Railroad Bonds. 



Eastern Railroad bonds, . 



$140,000 




$140,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



31 



BOSTON PENNY SAVINGS BANK — BOSTON. 

Incorporated 1861. Number of corporators, 100. 

Eben Howes, President. Treasurer, Henry R. Reynolds. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 




$820,559 61 


Public funds, .... 


$58,750 00 


Earnings, undi- 






Loans on public funds, 


350 00 


vided, 




6.523 52 


Bank stock, .... 


97,021 23 


Guaranty fund, . 




6,441 87 


Loans on bank stock, 

Railroad bonds, 

Real estate, . . 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, . 

Deposit in banks on interest, . 

Interest, 

Cash on hand, .... 


4,550 00 

5,012 50 

115,000 00 

11,843 75 

472,000 00 

43,900 00 

15,521 82 

8,357 51 

• 1,218 19 




$833,525 00 


$833,525 00 



Loans on Public Funds, amount on each : — 
On United States Bond, par value $500, . 

Loans on Bank Stock, amount on each. : — 
On 54 shares Everett National Bank, 
On 5 shares Mechanics' National Bank, . 



Amount invested in real estate, 
Estimated value of the same, 



Amount of real estate by foreclosure, 
Estimated value of the same, 



Cash on Deposit in Banks : — 
National Hide and Leather Bank, Boston, 
Maverick National Bank, Boston, 



$350 00 



$4,050 00 
500 00 

$115,000 00 
100,000 00 

$11,843 75 
9,000 00 



$1,780 46 
13,741 36 



:{ 



$56,020 32 
19,227 07 
16,474 31 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent., 

for the previous year, ) 2 per cent., 

Times for the dividends fixed by the by-laws : second Wednesday 

of April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7 per cent. 
The total amount of loans, with each specified rate of interest: 

$200,600, 6 per cent; $23,500, 6* per cent. ; $220,150, 7 per cent. ; 

$72,550, 7i per cent. ; $4,000, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . .35 

Aggregate amount of the same, 61,050 00 



32 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of open accounts, . . . . . . . 5,983 

Number and amount of deposits received for previous year, 3,049 $141,238 35 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 67 35,096 94 

Number and amount of withdrawals, .... 5,062 393,535 62 
Number of accounts opened during the previous year, . . 433 
Number of accounts closed during the previous year, . 1,396 
Amount of expenses of the corporation during previous year, . 6,284 18 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : May 16. 



Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 


150,000 


$53,200 00 


$58,750 00 


Bank Stock. 



Everett Nat'l Bank, Boston, . 
Hide and Leather Nat'l B'k, Boston, 
North America Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Manufacturers' Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Fourth Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Atlantic Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, 
First Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, 



$15,000 
10,000 
5,000 
5,000 
5,000 
2,500 
5,000 
5,000 
5,000 
4,100 
4,200 
1,100 
4,800 
7,000 
5,000 



$14,250 00 


10,100 


00 


5,000 


00 


5,500 


00 


4,300 


00 


3,125 


00 


3,950 


00 


4,000 


00 


4,450 


00 


4,079 


50 


5,250 


00 


1,210 


00 


4,704 00 


11,830 00 


5,200 00 



$15,000 00 
10,000 00 
5,351 12 
5,771 87 
5,081 25 
3,525 00 
6,350 00 
5,000 00 
6,200 00 
4,527 75 
5,692 
1,224 
4,860 
12,806 
5,631 



25 
50 
25 
00 
24 



Railroad Bonds. 



Boston and Maine R.R,. bonds, 7s, 




$5,800 00 



$5,012 50 



1879.] 



PUBLIC DOCUMENT — No. 8. 



33 



BRALNTREE SAVINGS BANK — SOUTH BRAINTREE. 

Incorporated March 21, 1870. Number of corporators, 23. 
E. A. Hollingsworth, President. Treasurer, C. H. Hobart. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$71,015 88 

1,567 03 

374 50 


Public funds, .... 
Bank stock, .... 
Railroad bonds, 
Loans on real estate, 
Real estate by foreclosure, 
Loans on personal security, . 
Deposits in banks on interest, 
Expense account, 
Cash on hand, . . ... 


$5,676 63 

8,718 25 

907 62 

52,300 00 

3,683 25 

300 00 

1,284 54 

57 12 

30 00 




$72,957 41 


$72,957 41 



Amount of real estate by foreclosure, 
Estimated value, . . 



$3,683 25 
3,700 00 



Cash on Deposit in Bank: — 
Shawmut National Bank, Boston, 



$1,284 54 



Whole amount of interest or profits received or earned, . . . $5,329 97 
Eate and amount of each semi-annual dividend > 2 per cent., . ( 1,461 31 

for the previous year, ) 2 per cent., . ( 1,365 88 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest: 

$1,498.13, 4 per cent. ; $3,090, 5 per cent. ; $1,088.50, 6 per cent. ; 

$25,875, 7 per cent. ; $25,225, 7£ per cent. ; $1,500, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 51 

Aggregate amount of the same, 64,402 50 

Number of open accounts, . 313 

Number and amount of deposits received for previous year, . 174 15,940 02 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 4 2,518 15 

Number and amount of withdrawals, 180 22,849 78 

Number of accounts opened during the previous year, . .29 
Number of accounts closed during the previous year, . . 53 
Amount of expenses of the corporation during previous year, . 225 00 

Amount of treasurer's bonds, 5,000 00 

Date of examination by commissioner : Aug. 23. 

5 



34 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 





Par Value. 


• Estimated 
Market Value. 


Amount Invested. 


United States bonds, 

City bonds : — 
City of Fall River, . ... 
of New Bedford, 


$1,500 

1,000 
3,000 


$1,498 13 

1,088 50 
3,090 00 . 


$1,498 13 

1,088 50 
3,090 00 


Bank Stock. 


Merchants' Nat'l Bank, Boston, 
Union Nat'l Bank, Weymouth, 
Manufacturers' Nat'l Bank, Boston, 
Union Market Nat'l B'k, Watertown, 
State Nat'l Bank, Boston, 


$700 
2,200 
1,500 
2,000 
1,500 


$875 00 
2,310 00 
1,290 00 
2,000 00 
1,650 00 


$920 50 
2,591 50 
1,590 00 
2,000 00 
1,616 25 


Railroad Bonds. 


Eastern Railroad bonds, . 


$1,000 


$700 00 


$907 62 



1879.] 



PUBLIC DOCUMENT — No. 8. 



35 



BRIDGEWATER SAVINGS BANK — BRIDGEWATER. 

Incorporated March 19, 1872. Number of corporators, 18. 
Lloyd Parsons, President. Treasurer, Samuel P. Gates. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Suspense account, . 


$171,163 03 

4,086 37 

1,042 30 

31 00 


Public funds, 

Bank stock, 

Loans on real estate, 

Real estate by foreclosure, 

Loans on personal security, 

Expense account, 

Cash on hand, . 




$5,537 50 

20,534 23 

120,214 05 

3,500 00 

22,440 00 

128 50 

3,968 42 




$176,322 70 






$176,322 70 



Cash on Deposit in Bank : — 
First National Bank, Boston, 



$1,632 06 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$3,500 00 
3,500 00 



Whole amount of interest or profits received or earned, . . . $11,532 67 
Rate and amount of each semi-annual dividend for the previous 

year, 2 per cent, for six months (October dividend passed), . . 3,681 87 
Times for the dividends fixed by the by-laws : April and Oct. 1. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend: 5-^f- per cent. 
The total amount of loans, with each specified rate of interest: 

$73,450, 7 per cent. ; $33,801.05, 7* per cent. ; $35,028, 8 per cent. ; , 

$375, 10 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 118 

Aggregate amount of the same, . 107,154 05 

Number of open accounts, 714 

Number and amount of deposits received for previous year, . 282 23,578 75 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 15 8,459 31 

Number and amount of withdrawals, 767 73,117 31 

Number of accounts opened during the previous year, . . 55 
Number of accounts closed during the previous year, . . 151 
Amount of expenses of the corporation during previous year, . 705 42 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : July 21. 



36 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Public Funds. 





Par Yalue. 


Estimated 
Market Value. 


Amount Invested. 


City bonds, Boston 5s, gold, 1906, . 


$5,000 


$5,537 50 


$5,537 50 


Bank Stock. 



Blackstone Xat'l Bank, Boston, 
Merchants' Xat'l Bank, Boston, 
Washington Xat'l Bank, Boston, 
Boylston Xat'l Bank, Boston, . 
Ea^le Xat'l Bank, Boston, 
Globe Xat'l Bank, Boston, 
Blue-Hill Xat'l Bank, Boston, 
Fourth Xat'l Bank, Boston, 



$7,000 
1,000 
300 
1,300 
1,200 
900 
2,500 
1,000 



$6,650 00 



1,250 

375 

1,339 

1,236 

765 

2,250 

850 



00 
00 
00 
00 
00 
00 
00 



$10,294 12 
1,391 24 

444 
1,859 
1,360 
1,164 
3,018 
1,002 



00 
00 
50 
12 
75 
50 



1879.] 



PUBLIC DOCUMENT — No. 8. 



37 



BRIGHTON FIVE CENTS SAVINGS BANK * — WARD 25, BOSTON. 

Incorporated March, 1861. Number of corporators, 119. 

Horace W. Jordan, President. Treasurer, Jacob M. Taylor. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$239,466 98 


Public funds, .... 


$7,785 00 


Earnings, undivided, 


5,464 95 


Bank stock, . . . • . 


47,322 25 


Guaranty fund, 


1,312 05 


Loans on real estate, 


148,875 70 






Real estate by foreclosure, 


36,360 22 






Loans on personal security, . 


1,800 00 






Deposit in banks on interest, . 


62 70 






Expense account, 


559 05 






Suspense account, interest ac- 








crued and unpaid, . 


3,425 73 






Cask on hand and in bank, 


/53 33 




$246,243 98 


$246,243 98 



Amount of real estate by foreclosure, 
Assessed valuation of the same, . 



Cash on Deposit in Bank : — 
National Bank of Brighton, 



$36,360 22 
26,100 00 



$62 70 



Whole amount of interest or profits received or earned, . . . $13,727 09 
Rate and amount of each semi-annual dividend ) 2£ per cent., . < 6,401 38 

for the previous year, .... )2 percent., .( 4,85533 
Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend: 6^- per cent. 
The total amount of loans with each specified rate of interest : 

$1,630.70, 6 per cent. ; $2,700, 6i per cent. ; $447.95, 7 per cent. ; 

$22,600, 7 T % per cent. ; $2,300, 7* per cent. ; $76,650, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 71 

Aggregate amount of the same, 92,675 70 

Number of open accounts, 932 

Number and amount of deposits received for previous year, . 331 15,035 00 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, . . . . . 8 4,662 41 

Number and amount of withdrawals, 629 48,319 22 

Number of accounts opened during the previous year, . . 65 
Number of accounts closed during the previous year, . . 123 
Amount of expenses of the corporation during previous year, . . 1,753 42 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Feb. 8. 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued March 23, 1878. 



38 



BANK COMMISSIONERS' REPORT. 

Public Fuxds. 



[Jan. 







F.stiTinatfif] 






Par Value. 


Market Value. 


Amount Invested. 


City bonds — 








City of Fall River, 6s, . 


$7,000 


$7,700 00 


$7,785 00 


Bank Stock. 


City Nat'l Bank, Boston, 


$1,300 


$1,391 00 


$1,426 00 


Suffolk Nat'l Bank, Boston, . 


1,000 


1,100 00 


1,208 25 


Maverick Nat'l Bank, Boston, . 


2,600 


3,640 00 


3,160 50 


Skavmiut Nat'l Bank, Boston, . 


400 


420 00 


400 00 


Commerce Nat'l Bank, Boston, 


900 


711 00 


1,030 50 


Webster Nat'l Bank, Boston, . 


8,900 


8,277 00 


9,645 00 


Brighton Nat'l Bank, Boston, . 


16,100 


15,295 00 


19,401 00 


Market Nat'l B'k, Boston (Brighton) , 


3,000 


4,320 00 


5,205 00 


Eliot Nat'l Bank, Boston, 


1,500 


1,455 00 


1,732 50 


Central Nat'l Bank, Boston, . 


500 


415 00 


500 00 


Metropolitan Nat'l Bank, Boston, . 


1,200 


1,164 00 


1,236 00 


Freeman's Nat'l Bank, Boston, 


500 


450 00 


670 00 


State Nat'l Bank, Boston, 


1,000 


1,100 00 


1,132 50 


Howard Nat'l Bank, Boston, . 


500 


520 00 


575 00 



1879.] 



PUBLIC DOCUMENT— No. 8. 



39 



BRISTOL COUNTY SAYINGS BANK i — TAUNTON. 

Incorporated March 2, 1846. Number of corporators, 119. 

Joseph Wilbar, President. Treasurer, Charles H. Atwood. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$2,828,481 45 


Public funds, .... 


$124,000 00 


Earnings, undi- 




Loans on public funds, . 


1,625 00 


vided, 


21,144 64 


Bank stock, .... 


77,930 00 


Guaranty fund, . 


25,000 00 


Railroad stock, .... 


50,000 00 






Loans on bank stock, 


3,775 00 






Real estate, .... 


20,000 00 






Real estate held by foreclosure, 


95,750 51 






Loans on real estate, 


1,932,610 68 






Loans on personal security, . 


554,229 31 






Loans on railroad stock, . 


500 00 






Expense account, 


501 98 






Suspense account, 


2,170 38 






Cash on hand, . 


11,533 23 




$2,874,626 09 


$2,874,626 09 



Loans on Public Funds, amount on each: — 
On United States Bonds, $1,625 00 

Loans on Bank Stock, amount on each : — 

On 15 shares Taunton National Bank, $2,000 00 

On 3 shares Bristol County National Bank, Taunton, . . . 275 00 

On 15 shares Machinists' National Bank, Taunton, .... 1,500 00 

Loans on Railroad Stock, amount on each : — 
On 5 shares Boston and Albany Railroad stock, .... $500 00 

Amount invested in real estate, $20,000 00 

Estimated value of the same 40,000 00 

Amount of real estate held by foreclosure, 95,750 51 

Estimated value of the same, 78,550 00 

Cash on Deposit in Banks : — 

Machinists' of Taunton, $8,946 04 

First National Bank of Boston, 30 76 

Whole amount of interest or profits received or earned, . . . $170,560 46 
Rate and amount of each semi-annual dividend ) 2% per cent., . ( 73,130 40 

for the previous year, )2 percent., .{ 56,357 05 

Times for the dividends fixed by the by-laws : April and October. 
The total amount of loans, with each specified rate of interest: 

$4,090, 5 per cent. ; $54,765, 6 per cent. ; $2,363,784.99, 6* per cent. ; 

$70,100, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 1,598 

Aggregate amount of the same, 1,579,179 00 

1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding fifteen per cent, each six months, was issued May 6, 1878. 



40 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of open accounts, 7,742 

Number and amount of deposits received for previous year, 1,386 $261,951 85 
Number and amount of deposits of and exceeding $300 at any- 
one time for tbe previous year, . . . . . .62 30,523 00 

Number and amount of withdrawals, .... 7,157 642,918 88 

Number of accounts opened during tbe previous year, . . 293 
Number of accounts closed during tbe previous year, . .911 
Amount of expenses of tbe corporation during previous year, . 7,236 71 

Amount of treasurer's bonds, 40,000 00 

Date of examination by commissioner : May 3. 



Public Funds. 








Par Value. 


Estimated 
^Market Value. 


Amount Invested. 


United States bonds, 5-20s, 
" " " 6s of 1881, 
" " " 5s of 1881, 


$62,000 
40,500 
21,500 


$65,720 00 
43,740 00 
22,790 00 


$62,000 00 
40,500 00 
21,500 00 



Bank Stock. 



Taunton Nat'l Bank, Taunton, 


$700 


$910 00 


S700 00 


Machinists' Nat'l Bank, Taunton, . 


15,000 


25,500 00 


15,000 00 


Bristol County Nat'l Bank, Taunton, 


4,400 


6,160 00 


4,400 00 


Nat'l Bank of Fairhaven, 


4,000 


2,787 50 


4,000 00 


Boston Nat'l Bank, Boston, 


4,000 


3,590 00 


4,000 00 


First Nat'l Bank, Boston, 


10,000 


16,925 00 


10,000 00 


Third Nat'l Bank, Springfield, 


10,000 


15,500 00 


10,000 00 


Hide and Leather Nat'l B'k, Boston, 


500 


505 00 


500 00 


Metropolitan Nat'l Bank, Boston, . 


4,000 


4,000 00 


4,000 00 


Rockland Nat'l Bank, Roxbury, 


3,100 


3,673 50 


3,317 50 


Merchants' Nat'l Bank, Boston, 


10,000 


12,500 00 


10,000 00 


Exchange Nat'l Bank, Boston, 


1,500 


2,028 75 


1,500 00 


North Nat'l Bank, Boston, 


5,000 


5,625 00 


5,932 50 


Mount Vernon Nat'l Bank, Boston, 


2,000 


1,800 00 


2,360 00 


North America Nat'l Bank, Boston, 


2,000 


2,000 00 


2,220 00 



1879.] 



PUBLIC DOCUMENT— No. 8. 



41 



BROADWAY SAYINGS BANK * — LAWRENCE. 

Incorporated March 8, 1872. Number of corporators, 24. 
John Fallon, President. Treasurer, Gilbert E. Hood. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 

Earnings, undi- 
vided, 

Guaranty fund, . 

Smith guaranty 
fund, 2 . 


$974,279 92 

36,946 72 
4,500 00 

100,000 00 


Public funds, . 

U.S. bonds (Smith fund), 

Bank stock, .... 

Loans on bank stock, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, . 

Deposit in bank, .* 

Cash on hand, .... 


$21,400 00 

100,000 00 

242,546 00 

2,546 00 

32,500 00 

628,807 00 

48,328 00 

37,931 44 

1,668 01 




$1,115,726 64 


$1,115,726 45 



Loans on Bank Stock, amount on each : — 
On Lawrence National Bank, Lawrence, $2,546 00 

Amount of real estate by foreclosure, $32,500 00 

Estimated value of the same, 30,000 00 

Cash on Deposit in Banks : — 

Lawrence National Bank, $1,635 81 

Maverick National Bank, Boston, 37,931 44 

Whole amount of interest or profits received or earned, . . . $34,962 15 
Rate and amount of each semi-annual dividend for the previous 

year, none. 

Times for the dividends fixed by the by-laws : third Wednesday of 

April and October. 
The total amount of loans, with each specified rate of interest: 

$239,450, 6 per cent. ; $440,231.19, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 274 

Aggregate amount of the same, . $365,700 00 

Number of open accounts, 3,357 

Number and amount of deposits received for previous year, 1,352 69,459 48 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 51 29,852 42 

Number and amount of withdrawals, .... 1,334 222,603 99 

Number of accounts opened during the previous year, . . 210 

Number of accounts closed during the previous year, . . 568 

Amount of expenses of the corporation during previous year, . 3,069 15 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : March 28. 

1 Temporarily enjoined by decree of Supreme Judicial Court, issued April 16, 1878. 
* Furnished by a trustee, invested in United-States bonds, and held to guarantee depositors 
against loss from shrinkage in investments. 

6 



42 



BANK COMMISSIONERS' REPORT. 

Public Fuxds. 



[Jan. 



Par Yalue. 


Estimated 
Market Yalue. 


Amount Invested. 


United States bonds, 5-20 1867, 


$100,000 


$103,000 00 


$100,000 00 


City of Portland, Me., 6s, 


1,000 


1,020 00 


1,020 00 


of Augusta, Me., 6s, 


1,600 


1,661 00 


1,660 00 


of Bath, Me., 6s, 


15,000 


15,600 00 


15,510 00 


of Lewiston, Me., 6s, 


3,000 


3,180 00 


3,180 00 



Baxk Stock. 








Nat'l Bank of Commerce, Boston, . 


$20,000 


$16,600 00 


$24,800 00 


Howard Xat'l Bank, Boston, . 


7,800 


7,800 


00 


8,190 00 


Suffolk Nat'l Bank, Boston, . 


10,000 


11.100 


00 


12,600 00 


Tremont Xat'l Bank, Boston, . 


16,900 


17,238 


00 


21,000 00 


Eliot Xat'l Bank, Boston, 


15,000 


15,300 


00 


18,100 00 


Skawmut Xat'l Bank, Boston, . 


7,600 


8,018 


00 


9,000 00 


Hamilton Xat'l Bank, Boston, 


6,800 


1.522 


50 


1,700 00 


Shoe and- Leather Xat'l B'k, Boston, 


10,000 


9.000 


00 


14.200 00 


Railroad Xat'l Bank, Lowell, . 


8,100 


9,072 


00 


9.S50 00 


Bay State Xat'l Bank, Lawrence, . 


4,850 


6,400 


00 


5.967 00 


Market Xat'l Bank, Boston, 


5,000 


4,600 


00 


5,700 00 


Globe Xat'l Bank, Boston, 


3,300 


2,970 


00 


4.300 00 


Maverick Xat'l Bank, Boston, . 


5,000 


4,263 


00 


3,649 00 


Webster Xat'l Bank, Boston, . 


10,000 


9.900 


00 


10,900 00 


Eagle Xat'l Bank, Boston, 


18,700 


15,561 


00 


21,700 00 


Everett Xat'l Bank, Boston, . 


11,000 


10,230 


00 


13.390 00 


State Xat'l Bank, Boston, 


7,100 


8,251 


00 


8.500 00 


Hide and Leather Xat'l B'k, Boston, 


10,000 


10,200 


00 


11,150 00 


Continental Xat'l Bank, Boston, 


7,000 


5,950 


00 


8.700 00 


City Xat'l Bank, Boston, . 


4,400 


4,686 


00 


5,200 00 


Manufacturers' Xat'l Bank, Boston, 


5,000 


4.300 


00 


5.700 00 


Xat'l B'k of Commonwealth, Boston, 


3,800 


3,534 


00 


4.400 00 


Lawrence Xat'l Bank. Lawrence,, . 


7,800 


7,800 00 


8.190 00 


Xat'l Bank of'Xorth America, 


2,900 


5,100 


00 


5.500 00 



1879.] 



PUBLIC DOCUMENT— No. 8. 



43 



BBOOKFIELD SAVINGS BANK — BROOKFIELD. 

Incorporated April 12, 1872. Number of corporators, 35. 

Emmoxs Twichell, President. Treasurer, George E. Forbes. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$38,044 41 
857 35 
203 29 


Loans on real estate, 
Loans on personal security, . 
Expense account, 
Furniture, safe, &c, 
Loans on collateral, . 
Loans on personal, time, . 
Loans on real estate, time, 
Cash on hand, .... 


$24,500 00 

7,050 00 

36 43 

293 99 

700 00 

4,600 00 

500 00 

1,424 63 




$39,105 05 


$39,105 05 



Cash on Deposit in Bank: — 
Boston Safe Deposit and Trust Company, . 



,042 13 



Whole amount of interest or profits received or earned, . . . $3,260 04 
Bate and amount of each semi-annual dividend ] 1\ per cent., . ( 972 55 

for the previous year, ) 2\ per cent., . \ 902 98 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5 per cent. 
The total amount of loans, .with each specified rate of interest : 

$17,150, 6 per cent. ; $20,200, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 40 

Aggregate amount of the same, 33,350 00 

Number of open accounts, 419 

Number and amount of deposits received for previous year, . 142 11,151 80 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 8 4,515 00 

Number and amount of withdrawals, 182 18,350 74 

Number of accounts opened during the previous year, . . 40 
Number of accounts closed during the previous year, . . 45 
Amount of expenses of the corporation during previous year, . 201 82 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Aug. 20. 



44 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BROOKLINE SAVINGS BANK — BROOKLINE. 

Incorporated Feb. 24, 1871. Number of corporators, 50. 
"William H. Lincoln", President. Treasurer, F. W. Prescott. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$95,834 50 


Public funds, .... 


$3,691 25 


Earnings, undivided, 


1,790 18 


Bank stock, .... 


22,713 63 


Guaranty fund, 


510 33 


Loans on real estate, 


60,237 50 






Deposit in bank on interest, . 


5,437 45 






Expense account, 


368 90 






Accrued interest, 


2,471 00 






Real estate by foreclosure, 


1,416 78 






Tax title to real estate, . 


298 96 






Premium on public funds, 


1,028 75 






Safes and furniture, . 


300 00 






Cash on band, .... 


170 79 




$98,135 01 


$98,135 01 



Cash on Deposit in Bank : — 
First National Bank of Boston, $5,437 45 

Whole amount of interest or profits received or earned, . . . $9,126 81 
Rate and amount of each semi-annual dividend ) 2-J percent., . f 3,248 87 

for the -previous year, ) 2 percent., .( 1,8.88 56 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
Average annual per cent, of dividends for the term ending at time 

of and including last extra dividend: 5 T 2 7 °o" P er cent. No extra 

dividend. 
The total amount of loans, with each specified rate of interest: 

$7,000, 6 per cent. ; $15,700, 6$ per cent. ; $18,337.50, 7 per cent. ; 

$4,000, 7£ per cent. ; $15,200, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 31 

Aggregate amount of the same, 38,537 50 

Number of open accounts, 746 

Number and amount of deposits received for previous year, . 814 26,193 95. 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 8 3,400 00 

Number and amount of withdrawals, 814 70,324 92 

Number of accounts opened during the previous year, . . 90 
Number of accounts closed during the previous year, . . 304 
Amount of expenses of the corporation during previous year, . 1,100 00 
Amount of treasurer's bonds, ........ 5,000 00 

Date of examination by commissioner : Nov. 30. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



45 





Public Funds. 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Brookline bonds, 7s, 


• • • 


$4,000 


$4,720 00 


$3,691 25 


Bank Stock. 



City Nat'l Bank, Boston, . 
Merchandise Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Revere Nat'l Bank, Boston, 



$8,500 
7,500 
1,800 
3,700 



£9,775 00 
7,500 00 
1,890 00 
3,885 00 



£9,192 50 
7,500 00 
1,964 13 
4,057 00 



46 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CAMBRIDGE SAVINGS BAXK — CAMBRIDGE. 

Incorporated April 2, 1834. Number of corporators, 88. 

Charles Yf . Sever, President. Treasurer, James M. Tkukstox. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 


81.665,309 16 

35,809 95 
10,150 00 


Public funds, .... 
Bank stock, .... 
Loans on bank stock, 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to banks on interest, . 
Loans to cities and towns, 
Taxes, . . . . . 

Expense account, 

Cash on hand, .... 


$103,547 50 

271,069 73 

400 00 

82,865 04 

1,096,225 50 

68,200 00 

62.150 76 

20.000 00 

2,285 48 

114 75 

1,416 36 

2,993 99 




81,711,269 11 


81,711,269 11 



Loans on Bank Stock : — 
On 4 shares Merchants' National Bank, Boston, 

Amount of real estate by foreclosure, 
Estimated value of the same, .... 



Cash on Deposit in Banks : — 
Charles River National Bank, Cambridge. 
Maverick National Bank, Boston, 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ") 2 per cent., 

for the previous year, ) 2 per cent., 

Times for the dividends fixed by the by-laws : fourth Thursday of 

January and July. 
The total amount of loans, with each specified rate of interest: 

$20,000, 4 per cent. ; $75,400, 6 per cent. ; 8239,500, 6i per cent. ; 

8484,537.50, 7 per cent, ; $320,208, 7i per cent, ; $45,1S0, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 359 

Aggregate amount of the same, . 

Number of open accounts, 4,637 

Number and amount of deposits received for previous year, 2,894 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 127 

Number and amount of withdrawals, .... 4,514 

Number of accounts opened during the previous year, . . 447 
Number of accounts closed during the previous year, . . 896 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: May 28. 



$400 00 

$82,865 04 
90,000 00 



$37,150 76 
25,000 00 

$104,490 06 
( 39,325 12 
\ 34,301 76 



669,888 00 

$1S4,229 67 

60,164 63 
560,365 17 



5,400 00 
25,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Public Funds. 



47 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City bonds : — 
City of Newburyport, 
of Fitchburg, 
of Fall River, 
of Lowell, 
of Cambridge, 
of Cambridge, 



$18,000 
25,000 
20,000 
20,000 
12,000 
10,000 



$19,800 00 
27,562 50 
22,075 00 
22,100 00 
13,680 00 
11,400 00 



$18,090 00 
25,125 00 
19,000 00 
19,400 00 
11,760 00 
10,172 50 



Bank Stock. 



Boston Nat'l Bank, Boston, 


$26,500 


$23,850 00 


$32,134 37 


Third Nat'l Bank, Boston, 


10,000 


8,400 00 


12,598 12 


Merchants' Nat'l Bank, Boston, 


13,400 


16,884 00 


18,207 25 


Globe ISTat'l Bank, Boston, 


6,300 


5,418 00 


7,754 63 


Market Nat'l Bank, Boston, . 


3,400 


3,136 50 


3,757 63 


Freeman's Nat'l Bank, Boston, 


900 


819 00 


997 25 


Atlas ISTat'l Bank, Boston, 


15,900 


17,668 87 


19,054 25 


Eliot Nat'l Bank, Boston, 


10,700 


10,486 00 


12,489 12 


Howard Nat'l Bank, Boston, . 


11,400 


11,970 00 


12,831 49 


Continental Nat'l Bank, Boston, 


1,800 


1,548 00 


2,203 25 


State Nat'l Bank, Boston, 


5,000 


5,650 00 


5,481 25 


Tremont Nat'l Bank, Boston, . 


11,500 


12,701 25 


13,763 25 


Suffolk Nat'l Bank, Boston, . 


14,500 


16,094 50 


17,836 50 


Traders' ISTat'l Bank, Boston, . 


10,000 


9,100 00 


11,515 88 


Hamilton Nat'l Bank, Boston, . 


9,300 


9,602 25 


11,590 00 


Nat'l Revere Bank, Boston, 


14,600 


14,746 00 


17,499 99 


Nat'l Eagle Bank, Boston, 


1,100 


1,142 62 


1,241 88 


Nat'l Hide and Leather B'k, Boston, 


2,800 


2,856 00 


3,144 00 


Nat'l Union Bank, Boston, 


500 


630 00 


719 00 


ISTat'l Bank of Commerce, Boston, . 


17,600 


14,080 00 


20,639 37 


First Nat'l Bank, New Bedford, . 


6,000 


7,200 00 


7,420 00 


Nat'l B'k of Commerce, N. Bedford, 


5,000 


6,000 00 


6,160 00 


Newton Nat'l Bank, Newton, . 


4,600 


5,750 00 


5,880 00 


Charles River Nat'l B'k, Cambridge, 


2,500 


4,375 00 


2,526 00 


First Nat'l Bank, Leominster, . 


10,000 


13,000 00 


11,200 00 


Nanmkeag Nat'l Bank, Salem, 


5,000 


7,250 00 


7,800 00 


Nat'l Rockland Bank, Roxbury, 


3,000 


4,625 25 


4,625 25 



48 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CAMBRIDGEPORT SAVINGS BANK — CAMBRIDGEPORT. 
Incorporated Feb. 22, 1853. Number of corporators, 12. 

Benjamin Tilton, President. Treasurer, Edward Hyde. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty" fund, . 


$1,870,541 39 

39,782 78 
12,000 00 


Public funds, .... 
Bank stock, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

towns, . . . . 
Deposit in banks on interest, . 
Expense account, 
Cash on hand, .... 


$50,000 00 

118,173 12 

10,069 94 

1,330,785 78 

287,318 00 

123.000 00 
1)482 29 
1,495 04 




$1,922,324 17 


$1,922,324 17 



Cash on deposit in Banks : — 
First National Bank, Cambridge, 
Cambridgeport National Bank, Cambridge, 



$77,500 00 
45,500 00 



Whole amount of interest or profits received or earned, . . . $113,087 37 
Rate and amount of each semi-annual dividend > 2 per cent., . (" 41,182 76 

for the previous year, J 2 per cent., . ( 37,446 00 

Times for the dividends fixed by the by-laws : third Wednesday of 

January and July. 
The total amount of loans, with each specified rate of interest: 

$200,000, 3 per cent. ; $50,000, 4 per cent. ; $30,650, 6 per cent. ; 

$759,833.97, 6£ per cent. ; $269,454.81, 7 per cent. ; $114,100, 7 T 3 7 

per cent. ; $194,065, 7£ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 373 

Aggregate amount of the same, . . 514,162 00 

Number of open accounts, ....... 5,552 

Number and amount of deposits received for previous year, 3,655 317,585 44 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 188 99,689 00 

Number and amount of withdrawals, .... 4,804 610,998 06 

Number of accounts opened during the previous year, . . 675 

Number of accounts closed during the previous year, * 1,012 

Amount of expenses of the corporation during previous year, . 6,000 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : May 22. 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Public Funds. 



49 



Par value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 4s, 



150,000 



$50,000 00 



$50,000 00 



Bank Stock. 



Eliot Nat'l Bank, Boston, 


$4,000 


$3,880 00 


$4,000 00 


Webster Nat'l Bank, Boston, . 


7,500 


7,387 50 


7,500 00 


Nat'l Bank of Commerce, Boston, . 


7,500 


6,000 00 


7,500 00 


Blackstone Nat'l Bank, Boston, 


5,000 


4,750 00 


5,000 00 


Washington Nat'l Bank, Boston, 


5,000 


6,250 00 


5,000 00 


Hamilton Nat'l Bank, Boston, 


10,000 


10,225 00 


10,000 00 


Tremont Nat'l Bank, Boston, . 


10,000 


9,975 00 


12,600 00 


Suffolk Nat'l Bank, Boston, . 


15,000 


16,500 00 


18,918 75 


Globe Nat'l Bank, Boston, 


5,000 


4,250 00 


6,387 50 


Union Nat'l Bank, Boston, 


20,600 


26,059 00 


30,691 87 


Cambridge City JSTat'1 Bank, Cam- 








bridge, ...... 


1,400 


2,170 00 


1,400 00 


Cambridgeport Nat'l Bank, Cam- 








bridge, ...... 


4,000 


6,200 00 


4,175 00 


First Nat'l Bank, Cambridge, . 


5,000 


7,750 00 


5,000 00 



50 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CANTON INSTITUTION FOE SAVINGS — CANTON. 

Incorporated 1835. Number of corporators, 31. 

Chakles H. French, President. Treasurer, Francis W. Deane. 



Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undivided, 
Guaranty fund, 



£314,463 20 

12,020 43 

4,079 59 



$331,463 22 



Public funds, . 

Bank stock, 

Loans on bank stock, 

Railroad bonds, 

Real estate by foreclosure, 

Loans on reai estate, 

Loans on personal security, 

Loans to counties, cities, 

towns, . . . . 
Casb on band, . 



or 



$10,000 00 

28,352 00 

9,000 00 

19,750 00 

9,595 00 

198,661 00 

26,725 00 

16,000 00 
13,380 22 



$331,463 22 



Loans on Bank Stock, amount on each : - 
On 90 shares First National Bank, Easton, 

Amount of real estate by foreclosure, 
Estimated value of the same, 



Cash on Deposit in Bank : — 
Neponset National Bank, Canton, 



§9,000 00 

$9,595 00 
11,450 00 



$13,380 22 



Whole amount of interest or profits received or earned, . . . $21,605 62 
Rate and amount of each semi-annual dividend 7 2 per cent., . ( 6,325 86 

for the previous year, ) 2 per cent,, . ( 6,065 22 

Times for the dividends fixed by the by-laws : first Tuesday of April 

and October. 
Average annual per cent, of dividends for the term ending at the 

time of, and including, the last extra dividend : 7 per cent. 
The total amount of loans with each specified rate of interest: 

$16,000, 5 per cent.; $20,600, 6 per cent.; $212,586, 7 per cent.; 

$1,200, 7 T % per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each 194 

Aggregate amount of the same, ........ 172,586 00 

Number of open accounts, 1,191 

Number and amount of deposits received for previous year, . 510 29,785 00 
Number and amount of deposits of, and exceeding, $300 at 

any one time for the previous year, 19 7,821 00 

Number and amount of withdrawals, 595 71,779 16 

Number of accounts opened during the previous year, . . 114 
Number of accounts closed during the previous year, . . 191 
Amount of expenses of the corporation during previous year, . 748 00 

Amount of treasurer's bonds, ~. 10,000 00 

Date of examination by commissioner: July 17. 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Public Funds. 



51 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 5-20s, 


• 


$10,000 


$10,800 00 


$10,000 00 


Bank Stock. 



Neponset Nat'l Bank, Canton, 
North Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Globe Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Shoe and Leather Nat'l Bank,Boston 
Atlas Nat'l Bank, Boston, 
Nat'l Exchange Bank, Boston, 



$7,500 
1,700 
500 
3,300 
3,600 
2,000 
2,500 
2,500 
2,500 



£9,600 
1,914 
451 
2,713 
3,267 
1,900 
2,500 
2,756 
2,571 



00 
62 
25 
25 
00 
00 
00 
25 
87 



$7,712 00 
1,700 00 

500 
3,300 
4,140 
2,000 
3,000 
3,125 
2,875 



00 
00 
00 
00 
00 
00 
00 



Railroad Bonds. 



Boston and Albany Railroad bonds, 
Boston and Maine Railroad bonds, . 
Eastern Railroad bonds, . 




$14,160 00 
5,650 00 
3,932 50 



$12,000 00 
5,000 00 
2,750 00 



52 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CAPE ANN SAVINGS BANK — GLOUCESTER. 

Incorporated April, 1846. Number of corporators, 40. 

Gorham P. Low, President. Treasurer, George J. Marsh. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$892,726 61 


Public funds, .... 


$140,195 42 


Earnings, undivided, 


16,052 25 


Loans on public funds, . 


2,000 00 


Guaranty fund, 


19,000 00 


Bank stock, .... 


88,700 00 


H. E. Dennett, . 


11 71 


Railroad bonds, 


21,250 00 


J. Green, . 


32 09 


Real estate, .... 


8,000 00 


J. M. Walsh, . 


20 19 


Real estate by foreclosure, 


3,782 34 






Loans on real estate, 


497,093 00 






Loans on personal security, . 


32,400 00 






Loans to counties, cities, or 








towns, . . . . . 


110,500 00 






Hugh McKay, .... 


9 00 






Deposit in banks on interest, . 


19,595 44 






Expense account, 


19 25 






Cash on hand, .... 


4,298 40 


<■ 


$927,842 85 


'$927,842 85 



Loans on Public Funds, amount on each : — 

On United States bond, $2,000 00 

Amount invested in real estate, ..... ... $8,000 00 

Estimated value of the same, 8,000 00 

Real estate by foreclosure, 3,782 34 

Assessed value of the same 2,600 00 



Cash on Deposit in Banks: — 
Redemption National Bank, Boston, 
Cape Ann National Bank, Gloucester, 



,595 44 
2,433 08 



:■{ 



$80,659 11 
23,007 09 
21,230 36 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 \ per cent., 

for the previous year, j 2^ per cent., 

Times for the dividends fixed by the by-laws: April 1, and 

October 1. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7£ per cent. 
The total amount of loans, with each, specified rate of interest: 

$1,500, 4 per cent.; $30,500, 5 per cent.; $40,000, 5i per cent.; 

$43,000, 6 per cent. ; $29,400, 6£ per cent. ; $497,593, 7 T % per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, ' . .451 

Aggregate amount of the same, 427,843 00 

Number of open accounts, 3,436 

Number and amount of deposits received for previous year, 1,656 117,290 08 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 91 47,443 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



53 



Number and amount of withdrawals, .... 3,439 $335,828 19 

Number of accounts opened during the previous year, . . 423 

Number of accounts closed during the previous year, . . 919 

Amount of expenses of the corporation during previous year, . 2,783 94 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Nov. 29. 

Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, issue of 1867, . 


$55,000 


$57,750 00 


$55,000 00 


" " " " " 1865, . 


20,000 


20,000 00 


20,000 00 


City and town Bonds : — 








Town of Brookline, .... 


5,000 


5,900 00 


5,000 00 


City of Chaiiestown, 






12,000 


13,440 00 


12,000 00 


of Cambridge, . 






10,000 


11,200 00 


9,650 00 


of Fall River, . 






8,000 


8,800 00 


8,000 00 


of Lowell, 






10,000 


11,200 00 


9,802 92 


of Lawrence, . 






5,000 


5,600 00 


4,742 50 


Town of Northampton, 






5,000 


5,600 00 


5,000 00 


City of Salem, 






1,000 


1,120 00 


1,000 00 


of Somerville, . 






10,000 


11,200 00 


10,000 00 



Bank Stock. 



Blackstone Nat'l Bank, Boston, 
Cape Ann Nat'l Bank, Gloucester, 
City Nat'l Bank, Gloucester, . 
Freeman's Nat'l Bank, Boston, 
Gloucester Nat'l Bank, Gloucester, 
Georgetown Nat'l Bank, Georget'n 
Howard Nat'l Bank, Boston, . 
Merchants' Nat'l Bank, Boston, 
New England Nat'l Bank, Boston, 
Rockport Nat'l Bank, Rockport, 
Redemption Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Shawmut Nat'l Bank, Boston, . 



$11,200 
8,500 

10,000 
4,000 
5,000 
5,000 
4,000 
5,000 
4,000 
5,400 

16,600 
5,000 
5,000 



$10,416 00 

12,750 00 

10,000 00 

3,600 00 

6,750 00 

5,000 00 

4,160 00 

6,250 00 

5,240 00 

.6,210 00 

19,920 00 

6,300 00 

5,200 00 



$11,200 00 

8,500 00 
10,000 00 

4,000 00 

5,000 

5,000 

4,100 

5,000 

4,000 

5,400 
16,600 00 

5,000 00 

5,000 00 



00 
00 
00 
00 
00 
00 



Railroad Bonds. 



Eastern Railroad bonds, . 




$29,750 00 



$21,250 00 



54 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CAPE COD FIVE CENTS SAVINGS BANKi — HARWICH. 

Incorporated 1855. Number of corporators, 80. 

Prince S. Crowell, President. Treasurer, Obed Brooks. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . . . 


$359,591 56 


Public funds, .... 


$1,100 00 


Earnings, undivided, 


7,597 96 


Bank stock, .... 


53,899 58 


Guaranty fund, 


4,862 14 


Railroad bonds, 


10,000 00 






Real estate, .... 


1,984 53 






Real estate by foreclosure, 


10,553 45 






Loans on real estate, 


95,978 43 






Loans on personal security, . 


169,305 21 






Loans to counties, cities, or 








towns, 


7,700 00 






Deposits in banks on interest, 


17,233 89 






Suspense account, 


332 59 






Cash on hand, .... 


3,963 98 




$372,051 66 


$372,051 66 



Amount invested in real estate, * . $1,984 53 

Estimated value of the same, 1,984 53 

Amount of real estate by foreclosure, 2 $10,553 45 

Estimated value of the same, 10,553 45 

Cash on Deposit in Bank : — 
Cape Cod National Bank, Harwich, $17,233' 89 

Whole amount of interest or profits received or earned, . . . $25,818 88 
Rate and amount of each semi-annual dividend ) 2-| per cent., . ( 9,679 45 

for the previous year, \ 2 per cent., . ( 7,348 02 

Times for the dividends fixed by the by-laws : April and October. 
The total amount of loans, with each specified rate of interest : 

$10,000, 4 per cent. ; $26,200, 6 per cent. ; $229,083.64, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 440 

Aggregate amount of the same, . 185,185 90 

Number of open accounts, 2,054 

Number and amount of deposits received for previous year, . 140 24,056 27 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, . . . . .16 8,350 61 

Number and amount of withdrawals, .... 1,960 135,802 38 

Number of accounts opened during the previous year, . . 54 
Number of accounts closed during the previous year, . . 600 
Amount of expenses of the corporation during previous year, . 1,900 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner: Aug. 9. 

1 An order regulating the payments of deposits for one year, limiting them to an amount not 
(♦xceeding ten per cent, each six months, was issued April 15, 1878. 

2 Taken to secure a personal loan. 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



55 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Town bonds : — 
Town of Brewster, 
of Orleans, 



$500 
600 



$500 00 
600 00 



$500 00 
600 00 



Bank Stock. 



State Nat'l Bank, Boston, 


$4,400 


$4,796 00 


$4,595 25 


Nat'l Bank North America, Boston, . 


1,600 


1,390 00 


1,600 00 


Cape Cod Nat'l Bank, Harwich, 


12,200 


14,884 00 


12,692 75 


Shawmut Nat'l Bank, Boston, . 


3,200 


3,200 00 


3,596 33 


Eleventh Ward Nat'l Bank,. Boston, 


3,300 


3,300 00 


3,300 00 


Nat'l Bank of Republic, Boston, 


1,500 


1,500 00 


1,950 00 


First Nat'l Bank, Yarmouth, . 


11,500 


14,030 00 


17,261 50 


Hide and Leather Nat'l B'k, Boston, 


2,000 


2,000 00 


1,965 00 


Blackstone Nat'l Bank, Boston, 


2,700 


2,477 00 


2,070 00 


Nat'l Bank of Commerce, Boston, . 


2,300 


1,840 00 


1,868 75 


Revere Nat'l Bank, Boston, 


3,000 


2,955 00 


3,000 00 



Railroad Bonds. 



Cape Cod Railroad bonds, 




$11,200 00 



$10,000 00 



56 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CENTRAL SAVINGS BANK — LOWELL. 

Incorporated March 3, 1871. Number of corporators, 88. 
Oliver H. Moultojs", President. Treasurer, Samuel A. Chase. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,000,523 54 i 


Public funds, .... 


$23,000 00 


Earnings, undi- 




Bank stock, .... 


205,533 75 


vided, 


21,974 41 


Loans on bank stock, 


2,700 00 


Guaranty fund, . 


7,000 00 


Real estate bv foreclosure, 


83,500 00 






Loans on real estate, 


596,812 50 






Loans on personal securitv, . 


65,300 00 






Loans to banks on interest, 


50,761 50 






Expense account, 


257 18 






Taxes, . 


20 70 






Cash on band, .... 


1,612 32 




81,029,497 95 


$1,029,497 95 



Loans on Bank Stock, amount on each : — 
On 30 shares Merchants' National Bank, Lowell, 

Amount of real estate by foreclosure, 
Estimated value of the same 



$2,700 00 

$83,500 00 
83,500 00 



Cash on Deposit in Bank : — 
Merchants' National Bank, Lowell, 

Whole amount of interest or profits received or earned, . 

Bate and amount of each semi-annual dividend ) 2 per cent., . j" 

for the previous year, ) 2 per cent., • { 

Times for the dividends fixed by the by-laws: first Saturday in 

May and November. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5 per cent. 
The total amount of loans, with each specified rate of interest: 

$25,000, 5 per cent. ; $238,900, 6 per cent. ; $17,500, 6-J- per cent, ; 

$9,000, 7 T 3 ¥ per cent. ; $32,400, U per cent. ; $62,800, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . 118 

Aggregate amount of the same, 

Number of open accounts, 2,870 

Number and amount of deposits received for previous year, 2,002 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 106 

Number and amount of withdrawals, .... 2,308 
Number of accounts opened during the previous year, . . 478 
Number of accounts closed during the previous year, . . 664 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: July 25. 



$50,761 50 

$61,873 48 

22,190 62 
20,553 09 



179,512 50 

152,337 29 

56,044 00 
348,454 48 



5,106 02 
20,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



57 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City and town bonds : — 
Town of Methnen, . 
City of Haverhill, . 



$19,000 
4,000 



$19,950 00 
4,200 00 



$19,000 00 
4,000 00 



Bank Stock. 



Atlantic Nat'l Bank, Boston, . 
Blackstone Nat'l Bank, Boston, 
Central Nat'l Bank, Boston, . 
City Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston 
Market Nat'l Bank, Boston, . 
Maverick Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Redemption Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Second Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, . 
Shoe and Leather Nat'l B'k, Boston 
Webster Nat'l Bank, Boston, . 
Metropolitan Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Railroad Nat'l Bank, Lowell, . 
First Nat'l Bank, Lowell, 
Merchants' Nat'l Bank, Lowell, 
Appleton Nat'l Bank, Lowell, . 
Georgetown Nat'l B'k, Georgetown, 
Old Lowell Nat'l Bank, Lowell, 
Prescott Nat'l Bank, Lowell, . 



$10,000 


$13,000 


00 


$14, 


8,700 


8,700 


00 


11, 


20 000 


18,000 


00 


• 20, 


10,000 


10,700 


00 


12, 


13,000 


11,050 


00 


15, 


9,500 


9,500 


00 


11, 


1,500 


1,500 


00 


1, 


5,000 


4,500 


00 


5, 


1,000 


1,400 


00 


1, 


5,000 


6,250 


00 


6, 


6,000 


7,200 


00 


8, 


2,700 


3,375 


00 


3, 


7,000" 


9,450 


00 


10, 


6.300 


6,615 


00 


8, 


4,200 


4,200 


00 


5, 


2,400 


2,400 


00 


2, 


2,000 


2,000 


00 


2, 


5,000 


4,500 


00 


6, 


5,000 


5,500 


00 


6, 


1,000 


1,100 


00 


1, 


2,000 


2,800 


00 


2, 


15,000 


16,500 


00 


18, 


10,000 


16,000 


00 


16, 


10,000 


10,000 


00 


10, 


4,700 


5,600 


00 


6, 


1,000 


1,300 


00 


1, 



:,000 00 

,100 00 
),000 00 
1,000 00 
i,000 00 
,000 00 
,600 00 
i,500 00 
,217 50 
.,756 25 
5,000 00 
1,415 50 
1,000 00 
5,086 00 
i,000 00 
!,400 00 
1,000 00 
1,000 00 
1,112 50 
,201 50 
1,740 00 
!,350 00 
1,962 50 
»,000 00 
i,092 00 
,000 00 



58 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CHABLESTOWN FIVE CENTS SAVINGS BANK i- BOSTON. 

Incorporated April 7, 1854. Number of corporators, 124. 

P. J. Stone, President. Treasurer, Amos Stone. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$2,902,845 94 


Public funds, .... 


$400,000 00 


Earnings, undi- 




Loans on public funds, . 


1,000 00 


vided, 


78,919 08 


Bank stock, .... 


662,646 00 


Guaranty fund, . 


20,000 00 


Loans on bank stock, 


26,000 00 






Real estate, .... 


120,000 00 






Real estate bv foreclosure, 


117,200 00 






Loans on real estate, 


1,524,480 00 






Loans on personal security, . 


33,500 00 






Loans to towns, &c, 


40,000 00 






Deposits in banks on interest, 


59,052 02 






Cash on band, .... 


17,887 00 




$3,001,765 02 


$3,001,765 02 



Loans on Public Funds, amount on each : 
On United States bonds, .... 



$1,000 00 



Loans on Bank Stock, amount on each : — 
On 90 shares Bunker Hill National Bank, 10 shares Union National 

Bank, and 10 shares Monument National Bank, .... $16,000 00 
On 83 shares Monument National Bank, 10,000 00 

Amount invested in real estate, $120,000 00 

Estimated value of the same, 130,000 00 

Amount of real estate by foreclosure, 117,200 00 

Estimated value of the same, . . . . - . . . . 113,400 00 

Cash on Deposit in Banks : — 

Monument National Bank, Boston, . . • $36,575 70 

Maverick National Bank, Boston, . . . . . . 32,476 32 

Whole amount of interest or profits received or earned, . . . $181,821 83 
Rate and amount of each semi-annual dividend for the previous 

year : no dividends ; charged to prospective or possible deprecia- 
tion in investments. 
Times for the dividends fixed by the by-laws: third Wednesday of 

April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including last extra dividend: 7-£ per cent, in 1874. 
The total amount of loans, with each specified rate of interest: 

$40,000, 4^ per cent.; $5,000, 5 per cent.; $3,100, 5£ per cent.; 

$258,700, 6 per cent. ; $76,700, 6£ per cent. ; $1,044,905, 7 per cent. ; 

$104,150, 7£ per cent. ; $18,640, 7 T % per cent. ; $73,875, 8 per cent. 

1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued April 18, 1876. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



59 



Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 431 

Aggregate amount of the same, . . $716,580 00 

Number of open accounts, 8,896 

Number and amount of deposits received for previous year, 3,173 146,663 01 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 116 67,677 67 

Number and amount of withdrawals, .... 7,394 770,228 07 

Number of accounts opened during the previous year, . . 464 

Number of accounts closed during the previous year, . 1,268 

Amount of expenses of the corporation during previous year, . 5,451 60 

Amount of treasurer's bonds, . 30,000 00 

Date of examination by commissioner : April 1. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 5s 1881, . 

a a a 4.i c 

" " " 4s, 



$50,000 

290,000 

60,000 



$52,500 00 

301,600 00 

60,000 00 



$50,000 00 

290,000 00 

60,000 00 



Bank Stock. 



Metropolitan Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Columbian Nat'l Bank, Salem, 
Boylston Nat'l Bank, Boston, . 
Continental Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston 
Revere Nat'l Bank, Boston, . 
Shoe and Leather Nat'l B'k, Boston 
Eliot Nat'l Bank, Boston, 
Redemption Nat'l Bank, Boston, 
Commonwealth Nat'l Bank, Boston 
Maverick Nat'l Bank, Boston, . 
Webster Nat'l Bank, Boston, . 
Howard Nat'l Bank, Boston, . 
Traders' Nat'l Bank, Boston, . 
Republic Nat'l Bank, Boston, . 
Market Nat'l Bank, Boston, . 
Third Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
State Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
City Nat'l Bank, Boston, 
Washington Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Merchants' Nat'l Bank, Boston, 
First Nat'l Bank, Boston, 



$4,800 

3,200 

5,000 

9,300 

44,000 

14,000 

37,000 

20,700 

12,100 

30,000 

15,600 

5,000 

13,200 

17,100 

30,400 

14,000 

24,200 

17,600 

500 

18,500 

16,100 

19,300 

9,000 

11,900 

12,000 

7,200 

2,000 



$4,656 


00 


2,912 


00 


6,600 


00 


9,672 


00 


37,840 


00 


15.750 


00 


37,370 


00 


20,700 


00 


12,100 


00 


29,100 


00 


18,720 


00 


4,500 


00 


18,480 


00 


16,758 


00 


31,616 


00 


12,600 


00 


30,129 


00 


15,840 


00 


450 


00 


20,350 


00 


17,710 


00 


16,405 


00 


9,630 


00 


14,875 


00 


11,940 


00 


9,000 


00 


3,380 00 



$4,800 00 

3,200 00 

6,400 00 

9,300 00 

44,000 00 

16,000 00 

37,000 00 

20,700 00 

12,100 00 

34,700 00 

20,900 00 

5,000 00 

12,900 00 

17,100 00 

32,600 

14,000 

27,100 

17,600 

500 

22,800 00 

16,100 00 

19,100 00 

9,000 00 

14,240 00 

12,000 00 

10,500 00 

1,985 00 



00 
00 
00 
00 
00 



60 BANK COMMISSIONERS' REPORT. ' [Jan. 

Bank Stock — Concluded. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Atlas Nat'l Bank, Boston, 


135,800 


139,380 00 


$38,900 00 


Commerce Nat'l Bank, Boston, 


35,000 


27,650 00 


35,000 00 


Blackstone Nat'l Bank, Boston, 


17,300 


16,435 00 


17,200 00 


First Ward Nat'l Bank, Boston, 


12,700 


9,842 50 


12,500 00 


Bine Hill Nat'l Bank, Boston, . 


7,900 


7,110 00 


7,900 00 


Bunker Hill Nat'l Bank, Boston, . 


25,000 


37,500 00 


28,600 00 


Monument Nat'l Bank, Boston, 


7,000 


10,500 00 


8,000 00 


First Nat'l Bank, Lynn, . 


21,700 


23,870 00 


25,300 00 


Railroad Nat'l Bank, Lowell, . 


15,000 


16,200 00 


15,000 00 


Home Nat'l Bank, Brockton, . 


15,000 


13,500 00. 


15,000 00 


Newton Nat'l Bank, Newton, . 


2,400 


2,568 00 


2,295 00 


Andover Nat'l Bank, Andover, 


2,400 


2,760 00 


2,400 00 


Nat'l Bank of Brighton, . 


2,900 


2,755 00 


2,726 00 


Market Nat'l Bank, Brighton, 


2,700 


3,888 00 


2,700 00 


Wachusett Nat'l Bank, Fitchburg, . 


7,500 


7,050 00 


7,500 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



61 



CHELSEA SAVINGS BANK — CHELSEA. 

Incorporated April 28, 1854. Number of corporators, 256. 

John H. Osgood, President. Treasurer, John F. Fellows. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 
Other liabilities, 


$1,007,125 15 

13,073 28 

6,873 00 

99 88 


Public funds, .... 

Bank stock, .... 

Real estate, .... 
" Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, . 

Loans to counties, cities, or 
towns, 

Deposits in bank on interest, . 
^Expense account, 

Cash on hand, . . 


$148,738 75 

56,859 87 

14,511 80 

52,254 61 

673,233 85 

8,500 00 

40,407 50 

28,481 16 

1,922 15 

2,261 62 




$1,027,171 31 


$1,027,171 31 



Amount invested in real estate, $14,511 80 

Estimated value of the same, 13,400 00 

Amount of real estate by foreclosure, 52,254 61 

Estimated value of the same, 61,100 00 



Cash on Deposit in Bank: — 
Hamilton National Bank, Boston, 



. $28,481 16 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2-J per cent., 

for the previous year, ) 2-£ per cent., 

Times for the dividends fixed by the by-laws : second Wednesday 

of April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6f per cent. 
The total amount of loans, with each specified rate of interest: 

$15,000, 5 per cent. ; $60,407.50, 6 per cent. ; $646,733.85, 7 per 

cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . . . . . . .394 

Aggregate amount of the same, 

Number of open accounts, . 5,135 

Number and amount of deposits received for previous year, 5,104 
Number and amount of deposits of and exceeding $300 at 



$64,940 60 
24,811 01 
23,649 57 



any one time for the previous year, 

Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, . 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation dui ing previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : June 5. 



117 

4,864 
, 642 
1,021 



497,559 85 

193,004 02 

o6,275 00 
406,345 03 



4,301 18 
25,000 00 



62 



BANK COMMISSIONERS' REPORT. 
Public Funds. 



[Jan. 









Estimated 








Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 


• 


$40,000 


$41,843 75 


$41,068 75 


State bonds : — 










State of Maine, 6 per 


ct.,1889, 


15,000. 


16,800 00 


16,612 00 


of New Hampshire, " 


3,000 


3,497 50 


3,307 50 


of Rhode Island, " 1882, 


2,000 


2,100 00 


1,935 00 


City and town bonds : — 










City of New Haven, 6 per 


ct. 1881, 


1,000 


1,030 00 


956 25 


of Chelsea, ' 




7,000 


7,482 50 


7,350 00 


of Boston, ' 


' 1903, 


29,000 


33,640 00 


33,386 25 


of Charlestown, ' 


' 1888, 


1,000 


1,090 00 


970 00 


of Cambridge, * 




6,000 


6,190 00 


6,287 50 


of Worcester, ' 


' 1880, 


4,000 


4,100 00 


3,900 00 


of Lawrence, ' 


< 1906, 


15,000 


16,500 00 


16,387 50 


Town of Woburn, ' ' 


' 1893, 


5,000 


5,475 00 


5,412 50 


of Winthrop, 


• 


11,000 


11,165 00 


11,165 00 



Bank Stock. 



North Nat'l Bank, Boston, 


$1,500 


$1,687 75 


$1,664 55 


Howard Nat'l Bank, Boston, . 


3,600 


3,705 00 


3,811 50 


Massachusetts Nat'l Bank, Boston, . 


6,750 


7,239 37 


9,122 40 


Continental Nat'l Bank, Boston, 


4,000 


3,400 00 


4,845 70 


Commerce Nat'l Bank, Boston, 


1,000 


800 00 


1,245 32 


Traders' Nat'l Bank, Boston, . 


2,500 


2,250 00 


2,706 75 


Exchange Nat'l Bank, Boston, 


1,400 


1,893 00 


1,763 05 


North America Nat'l Bank, Boston, 


500 


498 75 


518 75 


Boylston Nat'l Bank, Boston, . 


.2,500 


2,637 50 


2,776 50 


Atlas Nat'l Bank, Boston,- 


8,400 


9,250 00 


9,819 35 


State Nat'l Bank, Boston, 


1,000 


1,110 00 


1,062 75 


Suffolk Nat'l Bank, Boston, . 


700 


775 25 


845 85 


City Nat'l Bank, Boston, 


4,300 


4,611 75 


4,956 15 


Eagle Nat'l Bank, Boston, 


1,800 


1,872 00 


2,002 95 


First Nat'l Bank, Chelsea, 


6,600 


6,600 00 


6,671 30 


First Nat'l Bank, South Weymouth, 


2,000 


2,120 00 


2,420 50 


Exchange Nat'l Bank, Salem, 


500 


550 00 


626 50 



1879.] 



PUBLIC DOCUMENT— No. 8. 



63 



CHICOPEE FALLS SAVINGS BANK — CHICOPEE FALLS. 

Incorporated March 20, 1875. Number of corporators, 41. 
Josiah W. Osgood, President. Treasurer, Edgar T. Paige. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Guaranty fund, 
Interest account, 
Profit and loss, 


$31,016 60 
81 70 
31 62 
14 15 


Loans on bank stock, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

towns, 

Expense account, 

Cash on hand, .... 


$1,000 00 
15,775 00 
11,838 63 

550 00 

4 50 

1,975 94 




$31,144 07 


$31,144 07 



Loans on Bank Stock, amount on each : 
On 10 shares Holyoke National Bank, 



$1,000 00 



Whole amount of interest or profits received or earned, . . . $1,234 44 
Bate and amount of each semi-annual dividend ) 2-£- per cent., . C , 420 26 

for the previous year, >2i per cent., .( 50178 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest: 

$28,318.63, 6| per cent. ; $845, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 34 

Aggregate amount of the same, , . 25,663 63 

Number of open accounts, 201 

Number and amount of deposits received for previous year, . 320 10,945 00 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 20 3,700 00 

Number and amount of withdrawals, 149 10,080 85 

Number of accounts opened during the previous year, . . 63 
Number of accounts closed during the previous year, . . 47 
Amount of expenses of the corporation during previous year, . 12 22 

Amount of treasurer's bonds, 5 000 00 

Date of examination by commissioner : Nov. 18. 



64 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CHICOPEE SAVINGS BANK — CHICOPEE. 

Incorporated 1845; commenced business 1854. Number of corporators, 59. 
Emersox Gatlokd, President. Treasurer, Hexky H. Harris. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . . . $413,653 15 
Earnings, undivided, : 9,079 64 
Guaranty fund, . 2,011 36 



$424,744 15 



Public funds, 

Loans on public funds, . 

Bank stock, 

Railroad bonds, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Loans on bank stock, 

Loans to counties, cities, 

towns, .... 
Deposit in banks on interest, 
Cash on band, . 



01 



84.000 00 

100 00 

17,400 00 

12,000 00 

8,092 60 

324,042 00 

27,033 54 

2,000 00 

15,400 00 

•12,000 00 

2,676 01 



,744 15 



Cash on Deposit in banks : — 

Hampshire County National Bank, . $12,000 00 

First National Bank of Chicopee, 2,500 00 

Importers' and Traders' National Bank, New York, . . . 880 51 

Real estate by foreclosure, '$8,092 60 

Estimated value of the same, 5,000 00 



Whole amount of interest or profits received or earned, . . . $30,804 98 
Rate and amount of each semi-annual dividend ) 2i per cent., . ( 11,136 79 

for the previous year, j 2£ per cent., . ( 9,494 08 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest: 

$10,950, 6 per cent. ; $357,625, 6i per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 276 

Aggregate amount of the same, 252,025 00 

Number of open accounts, 1,214 

Number and amount of deposits received for previous year, . 887 97,387 00 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 59 36,031 00 

Number and amount of withdrawals, . . . . 1,133 149,995 60 

Number of accounts opened during the previous year, . . 160 

Number of accounts closed during the previous year, . . 250 

Amount of expenses of the corporation during previous year, . 2,100 00 

Amount of treasurer's bonds, 5,000 00 

Date of examination by commissioner: Nov. 19. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



65 



Public 


Funds. 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 4 per cent., 


14,000 


$4,000 00 


$4,000 00 


Bank Stock. 



First Nat'l Bank, Chicopee, 
Palmer Nat'l Bank, Palmer, . 
Chapin Banking and Trust Company, 
Springfield, ... 



£9,300 
3,000 

2,500 



$13,000 00 
3,000 00 

2,500 00 



$11,900 00 
3,000 00 

2,500 00 



Railroad Bonds. 



Boston and Albany Railroad bonds, 



$12,000 



$12,900 00 



$12,000 00 



66 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CITIZENS' SAVINGS BANK i — FALL RIVER. 

Incorporated 1851. Number of corporators, 49. 

Joseph Osbokjst, President, Treasurer, Edward E. Hathaway. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 


$1,680,913" 01 

127,335 17 
8,794 93 


Bank stock, .... 

Loans on real estate, 

Loans on personal security, . 

Expense account, 

Deposit in Nat'l Bank, 

Cash on hand, .... 


$275,591 50 

692,231 18 

810,068 29 

1,388 49 

35,000 00 

2,763 65 




$1,817,043 11 


$1,817,043 11 



Cash on Deposit in Bank : — 
Pocasset National Bank, Fall River, $35,000 00 

Whole amount of interest or profits received or earned, . . . $106,183 46 
Rate and amount of each semi-annual dividend ) 2-J per cent., . ( 43,072 48 

for the previous year, ) 2£ per cent., . ( ' 41,797 12 

Times for the dividends fixed by the by-laws : June and December. 
The total amount of loans, with each specified rate of interest: 

$1,502,-299.47, 6 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 158 

Aggregate amount of the same, 237,915 29 

Number of open accounts, . 2,680 

Number and amount of deposits received for previous year, 6,089 194,410 76 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 108 71,541 25 

Number and amount of withdrawals, .... 2,800 271,299 54 

Number of accounts opened during the previous year, . . . 259 

Number of accounts closed during the previous year, . . 351 

Amount of expenses of the corporation during previous year, . 6,014 20 

Amount of treasurer's bonds, 15,000 00 

Date of examination by commissioner: June 10. 

Bank Stock. 





Par Value. 


Estimated 
Market Value. 


Amount Invested- 


First Nat'l Bank, Boston, 


$25,000 


$42,312 50 


$25,000 00 


Second Nat'l Bank, Fall River, 


18,000 


13,500 00 


18,000 00 


Hide and Leather Nat'l B'k, Boston, 


22,500 


22,837 50 


22,500 00 


Commerce Nat'l Bank, Boston, 


10,000 


7,950 00 


10,000 00 


Fall River Nat'l Bank, Fall River, . 


11,100 


13,320 00 


9,712 50 


Pocasset Nat'l Bank, Fall River, 


80,000 


88,000 00 


80,000 00 


Maverick Nat'l Bank, Boston, . 


5,400 


7,560 00 


4,779 00 


Howard Nat'l Bank, Boston, . 


14,000 


14,560 00 


14,000 00 


Eliot Nat'l Bank, Boston, 


7,900 


7,663 00 


7,900 00 


Metacomet Nat'l Bank, Fall River, . 


27,700 


30,470 00 


27,700 00 


Revere Nat'l Bank, Boston, 


28,100 


28,100 00 


28,100 00 


Union Nat'l Bank, Fall River, 


15,500 


15,500 00 


15,500 00 


Merchants' Nat'l Bank, Boston, 


5,000 


6,250 00 


5,000 00 


Nat'l Bank of Redemption, Boston, 


4,900 


5,880 00 


4,900 00 


Railroad Nat'l Bank, Lowell, . 


2,500 


2,706 25 


2,500 00 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued June 11, 1878. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



67 



CITY FIVE CENTS SAVINGS BANK i — HAVERHILL. 

Incorporated March 28, 1870. Number of corporators, 49. 

Samuel W. Hopklnson, President. Treasurer^ George W. Noyes. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$923,007 70 


Public funds, .... 


$77,788 30 


Earnings, undivided, 


59,870 98 


Loans on public funds, . 


5,500 00 


Guaranty fund, 


2,500 00 


Bank stock, .... 


46,765 45 






Loans on bank stock, 


1,000 00 






Railroad bonds, 


104,027 50 






Real estate by foreclosure, 


240,438 35 






Loans on real estate, 


347,440 00 






Loans on personal security, . 


13,529 00 






Loans to counties, cities, or 








towns, 


70,000 00 






Deposits in bank on interest, . 


78,174 76 






Expense account, 


506 00 






Furniture, 


209 32 




$985,378 68 


$985,378 68 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $6,550, $5,500 00 

Loans on Bank Stock, amount on each : — 
On 5 shares Monument National Bank, Boston, .... $750 00 

On 1 share Massachusetts National Bank, Boston, .... 250 00 

Amount of real estate by foreclosure, $240,438 35 

Estimated value of the same, . 182,545 00 

Cash on Deposit in Banks : — 

First National Bank, Haverhill, $73,174 76 

First National Bank, Merrimac, 5,000 00 

Whole amount of interest or profits received, $53,639 39 

Rate and amount of semi-annual dividend for the previous year, . None. 

Times for the dividends fixed by the by-laws : first Wednesday of 

June and December. 
The total amount of loans, with each specified rate of interest: 

$58,000, 2 per cent. ; $20,000, 3 per cent. ; $24,000, 4 per cent. ; 

$17,040, 5 per cent. ; $9,000, 5£ per cent. ; $128,891, 6 per cent. ; 

$21,500, 6£ per cent. ; $148,363, 7 per cent. ; $9,000, 7 t 3 q per cent. ; 

$4,000, 7£ per cent. ; $22,440, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 152 

Aggregate amount of the same, 165,934 00 

Number of open accounts, 4,197 

Amount of expenses of the corporation during previous year, . 2,889 87 

Amount of treasurer's bonds, 15,000 00 

Date of examination by commissioner: Nov. 12. 

1 Temporarily enjoined by a decree of the Supreme Judicial Court July 17, 1877. Novem- 
ber 23, 1878, the Supreme Judicial Court allowed the payment of a dividend of twenty per cent 
of the deposits. 



68 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 5-20s, 


$6,000 


$6,100 00 


$7,140 00 


" " " 1881, 


10,000 


10,800 00 


12,356 25 


City and town bonds : — 








City of Fall River, .... 


12,000 


12,000 00 


11,500 80 


of Springfield, . 






. 2,000 


2,010 00 


1,880 00 


of Haverhill, . 






11,500 


12,277 50 


10,695 00 


of Lawrence, . 






10,000 


11,000 00 


10,000 00 


of Somerville, . 






5,000 


5,050 00 


5,000 00 


Town of Marlborough, 






5,000 


5,500 00 


5,256 25 


of Bradford, . 






3,000 


3,010 00 


2,960 00 


City of Portland, Me., 






1,000 


1,000 00 


1,000 00 


Town of Provincetown, . 


10,000 


10,110 00 


10,000 00 



Bank Stock. 



Massachusetts Nat'l Bank, Boston, . 


$3,000 


$3,135 00 


$3,660 00 


Merchants' Nat'l Bank, Boston, 


2,500 


3,125 00 


3,173 75 


Nat'l Bank of Commerce, Boston, . 


1,200 


948 00 


1,467 12 


Tremont Nat'l Bank, Boston, . 


3,000 


2,985 00 


3,783 75 


Merrimack Nat'l Bank, Haverhill, . 


500 


700 00 


690 00 


First Nat'l Bank, Haverhill, . 


19,400 


23,280 00 


24,143 08 


Continental Nat'l Bank, Boston, 


7,400 


6,364 00 


9,247 75 


Essex Nat'l Bank, Haverhill, . 


500 


600 00 


600 00 



Railroad Bonds. 



Boston and Maine Railroad bonds, 
Old Colony Railroad bonds, 
Lowell Railroad bonds, . 




,600 00 
25,550 00 
14,000 00 



$65,562 50 
25,100 00 
13,365 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



69 



CITY INSTITUTION FOR SAYINGS — LOWELL. 

Incorporated July, 1837. Number of corporators, 78. 
Nathan Allen, President. Treasurer, Fred. A. Buttrick. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$3,097,139 20 


Public funds, .... 


$172,600 00 


Earnings, undi- 




Bank stock 


648,380 00 


vided, 


133,992 31 


Loans on bank stock, 


10,900 00 


Guaranty fund, , 


25,000 00 


Railroad bonds, 


223,500 00 


Suspense acc't, . 


102 60 


Loans on real estate, 


1,696,447 09 






Loans on personal security, . 


105,700 00 






Loans to counties, cities, or 








towns, ..... 


371,000 00 






Deposits in banks on interest, 


6,475 57 






Expense account, 


1,356 48 






Dividend paid, .... 


18,698 45 






Cash on hand, .... 


1,176 52 




' $3 256,234 11 


$3,256,234 11 



Loans on Bank Stock, amount on each. : — 
On 70 shares Appleton National Bank, Lowell, 
On 18 shares Pemberton National Bank, Lawrence, 
On 34 shares First National Bank, Lowell, 



£6,400 00 
1,100 00 
3,400 00 



Cash on Deposit in Bank : — 
Appleton National Bank, Lowell, 



,475 57 



:! 



$201,409 61 
66,000 00 
62,000 00 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend / 2 per cent., 

for the previous year, . . . . .32 per cent., 
Times for the dividends fixed by the by-laws: January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6 per cent. 
The total amount of loans, with each specified rate of interest: 

$70,000, 4 per cent. ; $11,044.76, 5 per cent. ; $38,000, 5| per cent. ; 

$39,000, 5£ per cent. ; $926,434.65, 6 per cent. ; $60,000, 6 T 4 ^ per 

cent.; $491,000, 6| per cent.; $852,667.68, 7 per cent.; $46,000, 

7i per cent. ; $46,000, 7 per cent. gold. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 89 

Aggregate amount of the same, 145,900 00 

Number of open accounts, 7,658 

Number and amount of deposits received for previous year, 3,834 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 216 

Number and amount of withdrawals, .... 4,522 



284,828 55 



109,914 00 
703,899 16 



70 



BANK COMMISSIONERS' REPORT. 



[Jan 



"Number of accounts opened during the previous year, . . 837 
Number of accounts closed during the previous year, . 1,365 

Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Sept. 5. 



$5,445 11 
60,000 00 



Public Fuxds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Citv and town bonds: — 








Town of Pittsfield, .... 


$50,000 


$54,000 00 


$50,000 00 


Citv of Haverhill, . 






40,000 


48,000 00 


40,000 00 


Town of Plymouth, . 






40,000 


43,60Q 00 


40,000 00 


City of Hartford, Conn., 






10,000 


11,000 00 


10,000 00 


of Lynn, . 






10,000 


11,000 00 


10,000 00 


of Lawrence, . 






5,000 


5,250 00 


3,500 00 


Town of Holliston, . 






5,000 


5,150 00 


5,000 00 


City of Haverhill, . 






6,000 


6,300 00 


5,100 00 


of Lowell, 






3,000 


3,300 00 


3,000 00 


of Chaiiestown, 






1,000 


1,040 00 


1,000 00 



Baxk Stock. 



Appleton Natl Bank, Lowell, . 
Atlantic Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Bay State Nat'l Bank, Lawrence, 
Blackstone Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Bunker Hill Nat'l Bank, Boston, 
City Nat'l Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
First Nat'l Bank, Boston, 
First Nat'l Bank, Lowell, 
Globe Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Market Nat'l Bank, Boston, . 
Merchants' Nat'l Bank, Boston, 
Metropolitan Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Redemption Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Eagle Nat'l Bank, Boston, 
Exchange Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, . 
Hide and Leather Nat'l B'k, Boston, 



$40,000 


$60,000 00 


8,000 


10,260 00 


18,000 


20,340 00 


1,875 


2,250 00 


30,700 


30,393 00 


20,000 


18,400 00 


12,400 


13,268 00 


3,400 


5,346 50 


5,300 


5,777 00 


13,800 


18,664 00 


] 1,200 


9,520 00 


10,000 


10,375 00 


20,000 


33,450 00 


3,400 


5,100 00 


15,000 


13,462 00 


10,000 


10,225 00 


13,500 


14,040 00 


10,000 


9,200 00 


4,400 


5,632 00 


' 4,000 


3,960 00 


20,000 


16,700 00 


25,000 


26,250 00 


40,000 


47,600 00 ' 


40,000 


52,000 00 


3,000 


3,120 00 


5,000 


6,900 00 


500 


447 50 ! 


10,000 


10.500 00 



$44,970 00 

10,000 00 

18,000 00 

1,875 00 

30,700 00 

20,000 00 

12,400 00 

3,400 00 

5,300 00 

16,560 00 

11,200 00 

10,000 00 

20.000 00 

3,400 00 

15,000 00 

10,000 00 

13,500 00 

10,000 00 

4,400 00 

5,000 00 

20,000 00 

25,000 00 

50,700 00 

42,825 00 

3,000 00 

5,000 00 

500 00 

10,000 00 



1879.] 



PUBLIC DOCUMENT— Xo. 8. 



Bank Stock — Concluded. 



Par Yalae. 



-.ated 
ifarket Value. 



Arnotmt Invested. 



Pemberton Xat'l Bank, Lawrence, . 


500 


811,250 00 


87.500 00 


Revere Xat'l Bank, Boston, 


87,500 


025 00 


37.500 00 


Union Xat'l Bank, Boston, 


3,000 


4,716 00 


3.600 00 


Webster Xat'l Bank, Boston, . 


10,500 


10.710 00 


10.500 00 


Xew England Nat'l Bank, Boston, . 


0.500 


8.645 00 


50 00 


North Xat'l Bank, Boston, 


16,700 


18.871 00 


16.700 00 


Old Boston Xat'l Bank, Boston, 


3.950 


4.661 00 


3.950 00 


Prescott Xat'l Bank, Lowell, . 


21,000 


29,400 00 


21.450 00 


Railroad Xat ; l Bank, Lowell, . 


9,100 


10.192 00 


9.500 00 


- rid Xat'l Bank, Boston, . 


26.500 


36.040 00 


26,500 00 


Shawrnut Xat'l Bank, Boston, . 


10.000 


10.900 00 


10.000 00 


State Xat'l Bank, Boston, 


2.000 


2.280 00 


- 30 00 


Suffolk Xat'l Bank. Boston, . 


20,500 


23.370 00 


20.500 00 


Third Xat'l.Bank, Boston, 


20,000 


16.600 00 


20.000 00 


Tremont Xat'l Bank, Boston, . 


23,600 


24.780 00 


23.600 00 


"Washington Xat'l Bank, Boston, 


3,900 


4,914 00 


8.900 00 



Railroad Bonds. 



Boston and Lowell Railroad bonds, 
Old Colony Railroad bonds, 
Eastern Railroad bonds, . 




S127.500 00 
50.000 00 
46.000 00 



72 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CLINTON SAVINGS BANK — CLINTON. 

Incorporated 1851. Number of corporators, 51. 
Charles L. Swan, President. Treasurer, C. L. S. Hammond. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


§612,351 35 


Public funds, .... 


$93,125 00 


Earnings, undivided, 


619 83 


Loans on public funds, . 


1,400 00 


Guaranty fund, 


4,000 00 


Bank stock, .... 


77,300 00 






Loans on bank stock, 


13,665 00 






Railroad bonds, 


18,000 00 






Real estate by foreclosure, 


1,050 00 






Loans on real estate, 


345,863 40 






Loans on personal security, . 


58,925 00 






Premium account, . 


1,500 00 






Cask on hand, .... 


6,142 78 




§616,971 18 


$616,971 18 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $1,500, 



$1,400 00 



Loans on Bank Stock, amount on each : — 
On 173 shares First National Bank, Clinton, 



. $13,665 00 



Amount Real Estate by foreclosure $1,050 00 

Estimated value of the same 1,400 00 

Whole amount of interest or profits received or earned, . - . . 36,475 21 
Rate and amount of each semi-annual dividend ) 2 per cent., . j 12,784 21 

for the previous year, ) 2 per cent., . i 11,804 31 

Times for the dividends fixed by the by-laws: second Monday of 

April and October. 
The total amount of loans, with each specified rate of interest: 

$279,139.40, 6 per cent. ; $1,850, 6£ per cent. ; $138,864, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each . . . 233 

Aggregate amount of the same, . . . t 162,244 00 

Number of open accounts, 2,240 

Number and amount of deposits received for previous year, 1,490 127,729 11 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 70 35,945 01 

Number and amount of withdrawals, .... 1,515 180,858 16 

Number of accounts opened during the previous year, . . 316 

Number of accounts closed during the previous year, . . 398 

Amount of expenses of the corporation during previous year, . 2,758 08 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner: Sept. 6. 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Public Funds. 



73 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Town bonds : — 
Town of Clinton, 


$67,900 


$73,332 00 


$67,900 00 


Bank Stock. 



First Nat'l Bank, Clinton, 
Webster Nat'l Bank, Boston, . 
Hide and Leather Nat'l B'k, Boston 
Boston Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
City Nat'l Bank, Boston, 
Central Nat'l Bank, Boston, 
Manufacturers' Nat'l Bank, Boston 
Market Nat'l Bank, Boston, . 
Howard Nat'l Bank, Boston, . 
Traders' Nat'l Bank, Boston, . 
North America Nat'l Bank, Boston 
Eleventh Ward Nat'l Bank, Boston 
Metropolitan Nat'l Bank, Boston, 
First Nat'l Bank, New Bedford, 
Nat'l B'k of Commerce, N. Bedford 
Orange Nat'l Bank, Orange . 
First Nat'l Bank, Leominster 



$25,100 

10,500 

1,000 

200 
1,400 

500 
2,000 
5,000 
2,000 
1,600 

800 
4,200 
3,000 
2,000 
5,000 
5,000 
5,000 
3,000 



$27,610 00 


10,500 


00 


1,030 


00 


178 


00 


1,540 


00 


535 


00 


1,665 


00 


4,300 


00 


1,825 


00 


1,664 


00 


720 


00 


4,200 


00 


600 


00 


1,950 


00 


5,350 


00 


5,350 


00 


5,500 


00 


3,360 


00 



$25,100 00 

10,500 00 

1,000 00 

200 
1,400 

500 
2,000 
5,000 
2,000 
1,600 

800 
4,200 
3,000 
2,000 
5,000 
5,000 
5,000 
3,000 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



Railroad Bonds. 



Fitchburg Railroad bonds, 7s, . 
Old Colony Railroad bonds, 7s, 
250 shrs. pref 'd st'k Boston, Clinton, 


$13,000 
5,000 


$14,365 00 
5,550 00 


$13,000 00 
5,000 00 


Fitchburg, & New Bedford R.R., 1 
225 shares stock Boston, Clinton, 


25,000 


no sales. 


25,000 00 


Fitchburg, & New Bedford R.R., 1 


22,500 


no sales. 


225 00 



1 Taken to secure indebtedness. 



10 



74 



BANK COMMISSIONERS' REPORT. 



[Jan. 



COHASSET SAYINGS BANK— C OH ASSET. 

Incorporated Feb. 28, 1845. Number of corporators, 39. 
Martin- Lincoln, President. Treasurer, Levi N. Bates. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


8328,718 50 
8,001 22 1 
2,000 00 


Public funds, .... 

Bank stock, .... 

Railroad bonds, 

Real estate by foreclosure, 

Loans on real estate, 

Loans to counties, cities, or 

towns, 

Cash on band, .... 


810,000 00 
56.500 00 
35,000 00 
16,500 00 

208,620 00 

9,000 00 
3,099 72 




§338,719 72 


8338,719 72 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$16,500 00 
16,500 00 



Whole amount of interest or profits received or earned, . . . $20,73170 
Rate and amount of each semi-annual dividend ] 2 per cent., . ) 7,208 55 

for the previous year, ) 2 per cent., .) 6,749 00 

Times for the dividends fixed by the by-laws: first Tuesday of 

January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5-| per cent. 
The total amount of loans, with each specified rate of interest: 

$62,700, 6 per cent. ; $55,800, 6i per cent. ; $91,700, 7 per cent. ; 

$1,250, 7^ per cent. ; $6,170, 1h per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 83 

Aggregate amount of the same, 56,620 00 

Number of open accounts, 856 

Number and amount of deposits received for previous year, . 151 15,498 00 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 15 7,397 00 

Number and amount of withdrawals, 588 48,320 71 

Number of accounts opened during the previous year, . . 43 
Number of accounts closed during the previous year, . . 113 
Amount of expenses of the corporation during previous year, . 1,273 46 

Amount of treasurer's bonds, 25,000 00 

Date of examination by commissioner : Sept. 18. 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Public Funds. 



75 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Town bonds: — ■ 
Hyde Park 6s, 


$10,000 


$10,075 00 


$10,000 00 


Bank Stock. 



Revere Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
City Nat'l Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, . 
Hide and Leather Nat'l B'k, Boston 
Market Nat'l Bank, Boston, . 
Maverick Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Shawmut Nat'l Bank, Boston, . 
State Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Union Nat'l Bank, Boston, 
Washington Nat'l Bank, Boston, 



$4,500 
4,100 
3,000 
2,000 
4,500 
4,300 
2,000 
4,000 
1,800 
2,000 
2,500 
3,000 
1,300 
2,300 
1,200 
2,200 
3,200 
3,800 
2,300 
1,500 
1,000 



$4,500 00 


3,372 00 


3,300 


00 


1,880 


00 


4,050 


00 


4,601 


00 


2,640 


00 


3,200 


00 


1,800 


00 


1,900 


00 


2,500 


00 


2,700 


00 


1,820 


00 


2,875 


00 


1,320 


00 


2,750 


00 


3,328 


00 


4,180 


00 


2,277 


00 


1,875 00 


1,250 


00 



$4,500 00 
4,100 00 
3,000 00 
2,000 
4,500 
4,300 
2,000 
4,000 
1,800 
2,000 
2,500 
3,000 
1,300 
2,300 
1,200 
2,200 
3,200 
3,800 
2,300 
1,500 
1,000 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



Railroad Bonds. 



Eastern Railroad bonds, . 
Old Colony Railroad bonds, 




$18,000 00 
11,100 00 



$25,000 00 
10,000 00 



76 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CROCKER INSTITUTION FOR SAYINGS — TURNER'S FALLS. 

Incorporated April 3, 1869. Number of corporators, 16. 

George O. Peabody, President. Treasurer, D. P. Abercrombie. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$106,987 25 


Bank stock, .... 


$4,800 00 


Earnings, undivided, 


2,238 11 


Loans on bank stock, 


900 00 


Guaranty fund, 


340 00 ! 


Real estate bv foreclosure, 


1.200 00 


Bills payable, . 


12,000 00 


Loans on real estate, 


63,000 00 






; Loans on personal securitv, . 


46,275 00 






Loans to towns, 


4,000 00 






Expense account, 


48 64 






Premium account, . 


240 00 






Interest, 


160 00 






Cash on hand, .... 


941 72 




$121,565 36 


$121,565 36 



$900 00 


$931 


67 


$7,141 


25 


2,181 


96 


2,338 35 



Loans on Bank Stock, amount on each : — 
On 10 shares Crocker National Bank, Turner's Falls, 

Cash on Deposit in Bank: — 
Crocker National Bank, Turner's Falls, ...... 

Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend *> 2£ per cent., 

for the previous year, £ 2+ per cent., 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend: 5| per cent. 
The total amount of loans, with each specified rate of interest: 

$43,500, 6 per cent. ; $70,675, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 

Aggregate amount of the same, 

Number of open accounts, 

Number and amount of deposits received for previous year, 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, .... 

Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: Oct. 23. 



59 



. 


47,675 00 


412 




488 


44,864 48 


23 


15,379 09 


292 


32,279 53 


155 




101 




. 


250 96 




25,000 00 



Bank Stock. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Crocker Nat'l Bank, Turner's Falls, 
Conway Nat'l Bank, Conway, 



$3,300 
1,500 



53,300 00 
1,710 00 



$3,300 00 
1,740 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



77 



DANVERS SAVINGS BANK — DANVERS. 

Incorporated 1850. Number of corporators, 42. 
Israel H. Putnam, President. Treasurer, William L. Weston. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$957,943 39 


Public funds, .... 


$29,105 00 


Earnings, undi- 




Loans on public funds, 


1,800 00 


vided, 


17,697 99 


Bank stock, .... 


119,172 25 


Guaranty fund, . 


9,530 95 


Loans on bank stock, 


10,110 00 






Loans on real estate, 


557,103 16 






Real estate by foreclosure, 


41,317 79 






Loans on personal security, . 


202,912 98 






Loans to counties, cities, or 








towns, 


14,000 00 






Deposits in banks on interest, 


1,789 74 






Cash on band in First National 








Bank of Danvers, . 


8,195 73 




$985,506 65 


$985,506 65 



Loans on Public Funds, amount on each : — 
On United States Bonds, par value $2,900, 

Loans on Bank Stock, amount on each. : — 
On 52 shares First National Bank, Danvers, 
On 12 shares National Grand Bank, Marblehead, 
On 50 shares Collateral Loan Company, Boston, 



$1,800 00 



£4,410 00 
1,200 00 
4,500 00 



Amount of real estate by foreclosure, $41,317 79 

Estimated value of the same, ........ 41,317 79 

Cash on Deposit in Banks : — 

Redemption National Bank, Boston, $1,323 24 

Maverick National Bank, Boston, 466 50 

First National Bank, Danvers, 8,195 43 

Whole amount of interest or profits received or earned, . . . $60,534 44 
Rate and amount of each semi-annual dividend ) 2$ per cent., . ( 25,267 33 

for the previous year, . . . . -J2 percent., .( 18,793 09 
Times for the dividends fixed by the by-laws : April 1 and Oct. 1. 
The total amount of loans, with each specified rate of interest: 

$48,500, 5 per cent. ; $10,000, 5£ per cent. ; $266,200, 6 per cent. ; 

$8,500, 6£ per cent. ; $431,009, 7 per cent. ; $3,500, 7 T % per cent. ; 

$10,900, 7|- per cent. ; $10,400, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 295 

Aggregate amount of the same, 267,618 00 

Number of open accounts, 2,771 

Number and amount of deposits received for previous year, . 850 64,093 18 



78 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, . ' . . . .58 $27,677 00 
Number and amount of withdrawals, .... 1,638 233,787 62 

Number of accounts opened during the previous year, . . 185 
Number of accounts closed during the previous year, . . 386 
Amount of expenses of the corporation during previous year, . 3,080 24 

Amount of treasurer's bonds, 24,000 00 

Date of examination by commissioner : Dec. 5. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States 6 per cent, bonds of 
1881, . ' 

City of Boston 6s, 1894, . 
of Hartford, Conn. , . 



$17,500 

10,000 
2,000 



$18,900 00 

11,500 00 
2,100 00 



$17,500 00 

9,775 00 
1,830 00 



Bank Stock. 



First Nat'l Bank, Danvers, 
Tremont Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Exchange Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston,, 
Howard Nat'l Bank, Boston, . 
Merchants' Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Redemption Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
Washington Nat'l Bank, Boston, 
Rockport Nat'l Bank, Rockport, 
First Nat'l Bank, Salem, 
First Nat'l Bank, New Bedford, 
Commerce Nat'l Bank, New Bedford 
Commerce Nat'l Bank, Boston, 
Naumkeag Nat'l Bank, Salem, 
Asiatic Nat'l Bank, Salem, 
Salem Nat'l Bank, Salem, 
Warren Nat'l Bank, Peabody, . 



$6,900 
2,000 
5,000 
1,000 
6,500 
8,500 
6,800 
5,000 
7,500 
6,500 
5,000 
2,800 
2,500 
1,000 
700 

12,500 
7,500 
8,000 
500 
8,100 
2,500 
2,000 



$6,900 00 


2,110 


00 


5,650 


00 


870 


00 


8,905 


00 


7,905 


00 


7,072 


00 


6,550 


00 


7,837 


00 


8,175 


00 


5,700 


00 


2,604 00 


2.150 


00 


1,100 


00 


770 00 


12,468 


75 


6,825 


00 


6,240 


00 


675 00 


9,450 


00 


2,850 


00 


2,600 00 



$6,210 00 

2,000 00 

5,675 00 

1,080 00 

6,500 00 
10,612 50 

6,800 00 

6,475 00 
10,000 00 

7,901 25 

5,356 

2,800 

2,500 

1,000 
700 
14,947 25 

8,962 50 

8,000 
500 

8,100 

2,862 

2,000 



25 
00 
00 
00 
00 



00 
00 
00 
50 
00 



V 



1879.] 



PUBLIC DOCUMENT — No. 8. 



79 



DEDHAM INSTITUTION FOR SAVINGS — DEDHAM. 

Incorporated May, 1831. Number of corporators, 95. 

Waldo Coburn, President. Treasurer, Calvin Guild. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 



$1,146,457 15 

67,053 65 
14,758 23 



Public funds, . 

Loans on public funds, 

Bank stock, 

Loans on bank stock, 

Railroad bonds, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, ... 
Deposits in banks on interest, 



$1,228,269 03 



$179,913 25 
4,000 00 
81,726 13 
15,200 00 
71,151 25 
50,600 00 
774,523 80 
15,425 00 

9,850 00 
25,879 60 



$1,228,269 03 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $4,000, 

Loans on Bank Stock, amount on each: — 
On 10 shares Cambridgeport National Bank, . 
On 20 shares Dedham National Bank, 
On 140 shares Atlas National Bank, Boston, . 

Amount of real estate by foreclosure, 
Estimated value of the same, 



Cash on Deposit in Bank : — 
Dedham National Bank, Dedham, 



$4,000 00 

$900 00 

1,800 00 

13,000 00 

$50,600 00 
53,000 00 

$25,879 60 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 1\ per cent., 

for the previous year, S 2% per cent., 

Times for the dividends fixed by the by-laws : second Saturday in 

May and November. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6 T 6 7 5 F per cent. 
The total amount of loans, with each specified rate of interest: 

$16,500, 4 per cent. $5,000, 6 per cent. ; $9,850, 6£ per cent. ; 

$729,570, 7 per cent. ; $46,853.80, 1i per cent. ; $11,225, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 372 

Aggregate amount of the same, 

Number of open accounts, 3,533 

Number and amount of deposits received for previous year, 1,265 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 90 

Number and amount of withdrawals, .... 2,003 



:! 



,403 31 
28,860 99 
28,481 09 



461,298 80 

105,196 97 

47,8!: 6 48 
222,191 51 



80 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of accounts opened during the previous year, . . 311 
Number of accounts closed during the previous year, . . 414 
Amount of expenses of the corporation during previous year, . . 82,742 30 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : July 3. 

Public Funds. 







"F.stimaterl 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 4^-s, 


15,000 


15,156 33 


$5,193 75 


" " " 1881, 


20,000 


21,550 00 


20,312 50 


" " " 5-20s, . 


51,000 


59,125 00 


55,000 00 


" " " currency 6s, . 


10,000 


11,900 00 


12,050 00 


City and town bonds : — 








City of Manchester, X.H., 


18,000 


19,600 00 


18,000 00 


of Fall River, . 






15,000 


15,620 00 


15,042 00 


of Charlestown, 






6,000 


6,780 00 


5,992 50 


of Boston, 






2,000 


2,060 00 


1,975 00 


of Portland, Me., 






14,000 


14,240 00 


14,492 50 


of Biddeford, Me., 






5,000 


5,120 00 


5,050 00 


Town of Melrose, 






5,000 


5,750 00 


5,250 00 


of Lincoln, 






2,000 


2,190 00 


1,930 00 


of Woburn, . 






5,000 


5,500 00 


4,875 00 


of Maiden, 






10,000 


11,000 00 


9,700 00 


City of Augusta, Me. , 






5,000 


5,250 00 


5,250 00 



Bank Stock. 



Dedham Xat'l Bank, Dedham, 


$12,600 


$14,490 00 


$12,987 50 


Howard Xat'l Bank, Boston, . 


4,000 


4,160 00 


4,094 50 


Blackstone Xat'l Bank, Boston, 


7,500 


7,331 25 


7,615 87 


State Xat'l Bank, Boston, 


2,500 


2,850 00 


2,711 00 


Union Xat'l Bank, Boston, 


2,500 


3,175 00 


3,394 75 


Globe Xat'l Bank, Boston, 


2,500 


2,125 00 


2,445 00 


Traders' Xat'l Bank, Boston, . 


5,000 


4,500 00 


5,146 38 


People's Xat'l Bank, Boston, . 


6,000 


8,460 00 


5,930 00 


Commerce Xat'l Bank, Boston, 


10,000 


8,300 00 


11,237 75 


Atlas Xat'l Bank, Boston, 


10.000 


11,000 00 


11,669 50 


Webster Xat'l Bank, Boston, . 


8,500 


8,500 00 


8,699 75 


Shawmut Xat'l Bank, Boston, . 


5,000 


5,200 00 


5,794 13 



Railroad Bonds. 



Worcester and Xashua R.R. bonds, . 


$10,000 


$9,750 00 


$9,700 00 


Boston and Maine Railroad bonds, . 


23,000 


26,450 00 


24,403 75 


Boston and Lowell Railroad bonds, . 


4,000 


4,480 00 


4,180 00 


Old Colony Railroad bonds, 


5,000 


5,500 00 


5,275 00 


Eastern Railroad bonds, . 


29,500 


20,450 00 


27,592 50 



1879.] 



PUBLIC DOCUMENT — No. 8. 



81 



EAST BOSTON SAVINGS BANK i — EAST BOSTON. 

Incorporated April 26, 1848. Number of corporators, 28. 

Phineas M. Crane, President. Treasurer, Albert Bowker. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,817,088 18 


Loans on public funds, . 


$40,000 00 


Earnings, undi- 




Bank stock, .... 


510,323 51 


vided, 


141,119 05 


Loans on bank stock, 


86 00 


Guaranty fund, . 


8,625 03 


Bailroad bonds, 


8,525 00 






Real estate, .... 


28,468 33 






Real estate by foreclosure, 


301,099 17 






Loans on real estate, 


955,161 18 






Loans on personal security, . 


32,595 00 






Deposit in bank on interest, . 


27,646 99 






Accrued interest, 


58,087 23 






Expense account, 


2,427 93 






Other assets, .... 


1,004 07 






Cash on hand, .... 


1,407 85 




$1,966,832 26 


$1,966,832 26 



Loans on Public Funds, amount on each : — 
On City of Chelsea Notes, . $40,000 00 

Loans on Bank Stock, amount on each : — 
On 1 share State National Bank, Boston, $86 00 

Amount invested in real estate, $28,468 33 

Estimated value of the same, . . . . . . . . 28,468 33 

Amount of real estate by foreclosure, 301,099 17 

Estimated value of the same, 301,099 17 

Cash on Deposit in Banks : — 

First Ward National Bank, Boston, . $22,187 45 

Commerce National Bank, Boston, 5,459 54 

Whole amount of interest or profits received or earned, . . . $117,743 71 
Rate and amount of one semi-annual dividend for the previous 

year (July dividend passed), 2-§- per cent., 53,660 30 

Times for the dividends fixed by the by-laws : third Wednesday of 

January and July. 
The total amount of loans, with each specified rate of interest: 

$40,000, 21 per cent. ; $384,504, 5 per cent. ; $70,500, 6 per cent. ; 

$392,005, 7 per cent. ; $134,250, 7i per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 482 

Aggregate amount of the same, 649,659 00 

Number of open accounts, 5,696 

Number and amount of deposits received for previous year, 1,546 79,077 00 

1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued April 18, 1878. 
11 



82 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 36 819,239 00 

Number and amount of withdrawals, , 7,602 522,311 00 

Number of accounts opened during the previous year, . . 267 
Number of accounts closed during the previous year, . . 914 
Amount of expenses of the corporation during previous year, . 8,043 00 

Amount of treasurer's bonds, 15,000 00 

Amount of 'chief clerk's bonds, 10,000 00 

Amount of clerk's bonds, 8,000 00 

Date of examination by commissioner: Feb. 14. 

Baxk Stock. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Atlas Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Bovlston Nat'l Bank, Boston, . 
City Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Cornnierce Nat'l Bank, Boston, 
Eliot Nat'l Bank. Boston, 
Exchange Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Hide and Leather Nat'l B'k, Boston 
Market Nat'l Bank, Boston, . 
Massachusetts Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Mount Vernon Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
New England Nat'l Bank, Boston, 
Redemption Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Suffolk Nat'l Bank, Boston, . 
Shoe and Leather Nat'l B'k, Boston 
State Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Webster Nat'l Bank, Boston, . 
Union Market Nat'l Bank, Boston, 
Merchandise Nat'l Bank, Boston, 



20,500 


$22, 


20,000 


17, 


3,800 


3, 


4,100 


4, 


15,000 


16, 


15,000 


12. 


25,000 


19, 


11,500 


10, 


200 




10,000 


10. 


40,000 


36, 


20,000 


17, 


20,000 


20, 


15.000 


15. 


5,000 


4, 


6,000 


6, 


15,000 


18, 


2,400 


2, 


9,100 


10, 


20,000 


19, 


10,000 


13, 


10,000 


12, 


15,000 


11, 


15,000 


18, 


20,000 


22, 


6.400 


6, 


30,000 


33, 


20,000 


26, 


5,000 


4, 


10.000 


11. 


5,000 


4, 


10,000 


9, 


5,000 


4, 



,550 00 
,800 00 
,610 00 
,264 00 
,050 00 
,450 00 
,750 00 
,982 50 
268 00 
.287 50 
,000 00 
,000 00 
,600 00 
.300 00 
,500 00 
,270 00 
,525 00 
,016 00 
,192 00 
,600 00 
,100 00 
,000 00 
,850 00 
,675 00 
,000 00 
,400 00 
,000 00 
.400 00 
,500 00 
,816 41 
,650 CO 
,000 00 
,500 00 



822 
22 
5 
5 
16 
16 
28 
13 

10 
49 
25 
21 
16 

5 

6 
18 

3 

9 
21 
12 
13 
18 
16 
23 

8 
31 
27 

5 
11 

5 
12 

5 



,719 62 
.596 66 
,023 06 
,766 50 
,177 50 
,760 25 
,660 96 
,153 00 
230 00 
,874 15 
,465 00 
,212 00 
,500 00 
,768 87 
.443 10 
,981 65 
,253 37 
,064 25 
,970 66 
,253 35 
,707 30 
.043 98 
.119 06 
.620 30 
,833 75 
,103 13 
,513 88 
,055 50 
,496 75 
,816 41 
,139 00 
,000 00 
,000 00 



Railroad Bonds. 



Eastern Railroad bonds, 




5,525 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



83 



EAST BRIDGEWATER SAVINGS BANK— EAST BRIDGEWATER. 

Incorporated 1870. Number of corporators, 50. 
Henry Hobart, President. Treasurer, Isaac N. Nutter. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Bills payable, . 



$117,059 88 

2,949 08 

832 80 

754 89 



$121,596 65 



Public funds, 
Bank stock, 
Railroad bonds, 
Loans on real estate, 
Loans on personal security, 
Loans to cities and towns, 
Deposit in banks on interest, 
Expense account, 

Safe, 

Casb on hand, . 



$18,600 90 

20,768 00 

8,000 00 

54,963 67 

13,050 00 

2,000 00 

3,161 32 

147 37 

200 00 

705 39 

$121,596 65 



Cash on Deposit in Bank : — 
New England Trust Company, Boston, 



1,161 32 



Whole amount of interest or profits received or earned, . . . $6,532 95 
Rate and amount of each semi-annual dividend ) 2J per cent., . ( 2,621 59 

for the previous year, ) 2£ per cent., . \ 2,688 50 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$2,000, 5 per cent. ; $14,250, 6 per cent. ; $2,200, 6i per cent. ; 

$51,563.67, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 98 

Aggregate amount of the same, 

Number of open accounts, 537 

Number and amount of deposits received for previous year, . 314 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 21 

Number and amount of withdrawals, . . . . . 326 
Number of accounts opened during the previous year, . . 81 
Number of accounts closed during the previous year, . . 83 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: Aug. 27. 



52,088 67 

24,275 81 

8,610 93 
22,944 43 



360 36 
10,000 00 



84 



BANK COMMISSIONERS' REPORT. 
Public Funds. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 4|- per cent., . 

State bonds, New Hampshire, . 

City and town bonds : — 
City of Rockland, Me., . 

of Bath, Me., . . 

of Fall River, .... 

of Cambridge, .... 
Town of Woburn, ... 


$3,000 
3,000 

500 
6,000 
2,000 
2,000 
2,000 


$3,120 00 
3,322 50 

500 00 
6,300 00 
2,000 00 
2,100 00 
2,100 00 


$3,000 00 
3,322 50 

455 00 
6,080 00 
1,903 40 
1,940 00 
1,900 00 



Bank Stock. 



Market Nat'l Bank, Boston, . 


$2,000 


$1,810 00 


$2,317 50 


Nat'l City Bank, Boston, 


2,000 


2,140 00 


2,276 75 


Shawmut Nat'l Bank, Boston, 


1,000 


1,010 00 


1,167 50 


Hamilton Nat'l Bank, Boston, 


1,000 


1,020 00 


1,250 00 


Home Nat'l Bank, Brockton, . 


4,000 


3,600 00 


4,580 00 


Fourth Nat'l Bank, Boston, 


2,000 


1,800 00 


2,000 00 


Tremont Nat'l Bank, Boston, . 


3,000 


3,060 00 


3,480 00 


Commonwealth Nat'l Bank, Boston, 


1,000 


1,000 00 


1,225 00 


State Nat'l Bank, Boston, 


2,200 


2,425 50 


2,471 25 



Railroad Bonds. 



Old Colony Railroad bonds, 
Eastern Railroad bonds, . 




$3,090 00 
3,500 00 



^3,000 00 
5,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



85 



EAST CAMBRIDGE FIVE CENTS SAVINGS BANK — EAST CAMBRIDGE. 

Incorporated 1854. Number of corporators, 46. 
George Stevens, President. Treasurer, Samuel Slocomb. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$793,956 76 


Public funds, .... 


$29,000 00 


Earnings, undivided, 


5,182 62 


Bank stock, .... 


120,060 00 


Guaranty fund, 


11,434 84 


Loans on bank stock, 


14,079 21 


Profit and loss, 


2,500 00 


Railroad bonds, 


19,000 00 


Premiums, 


1,564 84 


Real estate, .... 


7,000 00 






Real estate by foreclosure, 


23,559 37 






Loans on real estate, 


572,415 00 






Loans on personal security, . 


14,423 38 






Deposits in bank on interest, . 


11,857 54 






Cash on band, .... 


3,244 66 




$814,639 16 


$814,639 16 



Loans on Bank Stock, amount on each : — 

On 75 shares Lechmere National Bank, $9,379 21 

On 10 shares Lechmere National Bank, and 15 shares Cambridge 

National Bank, 3,000 00 

On 17 shares Lechmere National Bank, 1,700 00 

Amount invested in real estate, $7,000 00 

Estimated value of the same, 7,000 00 

Amount of real estate by foreclosure, 23,559 37 

Estimated value of the same, 23,559 37 

Cash on Deposit in Bank : — 
Lechmere National Bank, Cambridge, $11,857 54 

Whole amount of interest or profits received or earned, . . . $51,268 13 
Rate and amount of each semi-annual dividend ) 2 per cent., . ( 16,772 97 

for the previous year, f 2 per cent., .( 15,43181 

Times for the dividends fixed by ^jae by-laws : April 15 and Oct. 15. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 4 T 8 ^ per cent. 
The total amount of loans, with each specified rate of interest: 

$8,500, Si per cent. ; $2,300, 5| per cent. ; $101,879.21, 6 percent. ; 

$35,000, 6* per cent. ; $498,040, 7 per cent. ; $6,900, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . . . . . . . 326 

Aggregate amount of the same, 375,140 00 

Number of open accounts, 3,191 

Number and amount of deposits received for previous year, 2,957 151,730 00 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 86 46,000 18 

Number and amount of withdrawals, .... 3,515 291,463 89 

Number of accounts opened during the previous year, . . 449 

Number of accounts closed during the previous year, . . 789 

Amount of expenses of corporation during previous year, about . 1,800 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : May 27. 



86 



BANK COMMISSIONERS' REPORT. 
Public Funds. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City bonds : — 
City of Lawrence, . 

of Hartford, Conn., 
of Cambridge, . 



$5,000 

5,000 

19,000 



$5,250 00 

5,000 00 

20,710 00 



$5,000 00 

5,000 00 

19,000 00 



Bank Stock. 



Atlas JSIat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Bunker Hill Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Commonwealth Nat'l Bank, Boston 
Continental Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Exchange Nat'l Bank, Boston, 
Faneuil Hall Nat'l Bank, Boston, 
First Ward Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston 
Howard Nat'l Bank, Boston, . 
Massachusetts Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Metropolitan Nat'l Bank, Boston, 
New England Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Redemption Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Revere National Bank, Boston, 
Third Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Union Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
Cambridge City Nat'l Bank, . 
Charles River Nat'l B'k, Cambridge 
Lechmere Nat'l Bank, Cambridge, 
Newton Nat'l Bank, Newton, . 
Concord Nat'l Bank, Concord, 
Fall River Nat'l Bank, Fall River, 
First Nat'l Bank, Maiden, 
First Nat'l Bank, Marlborough, 
Merchants' of Newburyport, . 



$700 


$770 00 


$ 


5,400 


5,130 00 


5, 


6,300 


5,607 00 


6, 


4,100 


6,150 00 


4, 


9,000 


7,200 00 


9, 


4,000 


3,560 00 


4, 


3,000 


2,550 00 


3, 


1,200 


1,164 00 


1, 


1,600 


2,160 00 


1, 


2,000 


2,460 00 


2, 


5,000 


3,850 00 


5, 


2,100 


1,785 00 


2, 


7,500 


7,650 00 


7, 


6,000 


6,240 00 


6, 


500 


535 00 




5,000 


6,250 00 


5, 


1,600 


1,552 00 


1, 


2,000 


2,620 00 


2, 


1,900 


2,128 00 


1, 


500 


500 00 




1,000 


1,200 00 


1, 


5,800 


7,308 00 


5, 


3,800 


3,800 00 


3, 


5,500 


4,565 00 


5, 


7*600 


7,524 00 


7, 


500 


630 00 




6,700 


6,566 00 


6, 


2,600 


4,160 00 


2, 


2,400 


4,080 00 


2, 


3,800 


6,270 00 


3, 


1,300 


1,560 00 


1, 


3,300 


4,620 00 


3, 


1,100 


1,485 00 


1, 


2,500 


2,500 00 


2, 


2,000 


2,400 00 


2, 


600 


600 00 





$700 00 
,400 00 
,300 00 
,100 00 
,000 00 
,000 00 
,000 00 
,200 00 
,600 00 
,000 00 
,000 00 
,100 00 
,500 00 
,000 00 

500 00 
,000 00 
,760 00 
,000 00 
,900 00 

500 00 
,000 00 
,800 00 
,800 00 
,500 00 
,600 00 

500 00 
,700 00 
,600 00 
,400 00 
,800 00 
,300 00 
,300 00 
,100 00 
,500 00 
,000 00 

600 00 



Railroad Bonds. 



Eastern Railroad bonds, . 

Boston and Albany Railroad bonds, . 




$4,000 00 
15,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



8T 



EASTHAMPTON SAVINGS BANK — EASTHAMPTON. 

Incorporated 1869. Number of corporators, 32. 
Edmund H. Sawyer, President. Treasurer, Samuel, T. Seelye. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$214,833 90 

638 34 

1,700 00 


Bank stock, .... 

Loans on bank stock, 

Loans on real estate, 

Loans on personal security, . 

Expense account, 

Cash on band, .... 


$60,358 78 

1,290 00 

124,850 00 

29,871 50 

162 50 

639 46 




$217,172 24 


$217,172 24 



Loans on Bank Stock, amount on each : — 
On First National Bank, Easthampton, $1,290 00 

Cash on Deposit in Bank: — 
First National Bank, Easthampton, $639 46 

Whole amount of interest or profits received or earned, . . . $13,421 99 
Bate and amount of each semi-annual dividend \ 2£ per cent., . ( 4,823 36 

for the previous year, ) 2£ per cent., . ( 5,011 64 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6£ per cent. 
The total amount of loans, with each specified rate of interest: 

$156,011.50, 6i per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 156 

Aggregate amount of the same, 126,065 00 

Number of open accounts, 840 

Number and amount of deposits received for previous year, . 672 50,209 17 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 45 26,171 07 

Number and amount of withdrawals, 541 50,802 95 

Number of accounts opened during the previous year, '. . 173 
Number of accounts closed during the previous year. . . 169 
Amount of expenses of the corporation during previous year, . . 659 80 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Oct. 3. 

Bank Stock. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


First Nat'l Bank, Easthampton, 


$20,000 


$25,000 00 


$24,587 50 


First Nat'l Barfk, Northampton, 


7,600 


10,336 00 


10,519 00 


First Nat'l Bank, Lynn, . 


4,400 


5,016 00 


5,256 00 


Holyoke Nat'l Bank, Holyoke, 


7,200 


7,776 00 


8,026 00 


Blackstone Nat'l Bank, Boston, 


2,200 


2,849 00 


3,149 50 


Second Nat'l Bank, Boston, 


2,000 


2,740 00 


3,018 75 


North Nat'l Bank, Boston, 


2,000 


2,400 00 


2,447 50 


Commerce Nat'l Bank, Boston, 


1,000 


1,070 00 


1,154 53 


Wachusett Nat'l B'k, Fitchb'g, new, 


2,200 


2,632 00 


2,200 00 



88 



BANK COMMISSIONERS' REPORT. 



[Jan. 



EAST WEYMOUTH FIVE CENTS SAVINGS BANK— EAST WEYMOUTH. 

Incorporated 1872. Number of corporators, 34. 
John P. Lovell, President. Treasurer, Nathan Canterbury. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings; undivided, 
Guaranty fund, 


$107,581 26 

2,061 81 

816 45 


Bank stock, .... 
Railroad bonds, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

towns, 

Deposit in bank on interest, . 


$11,000 00 

3,000 00 

2,000 00 

75,875 00 

3,975 00 

13,000 00 
1,609 52 




$110,459 52 


$110,459 52 



Cash on Deposit in Bank : — 
Manufacturers' National Bank, Boston, 



$1,609 52 



Whole amount of interest or profits received or earned, . . . $6,882 25 
Rate and amount of each semi-annual dividend ") 2-£- per cent., . \ 2^320 70 

for the previous year, y 2$ per cent., .( 2,51165 

Times for the dividends fixed by the by-laws : April 1 and Oct. 1. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 1\ per cent. 
The total amount of loans, with each specified rate of interest: 

$5,000, 5 per cent.; $5,000, 5i per cent.; $5,100, 6 per cent.; 

$21,150, 7 per cent.; $15,775, 7£ per cent.; $1,000, 7f per cent.; 

$32,275, 8 per cent. ; $50, 10 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 eac^h, . . 98 

Aggregate amount of the same, 89,350 00 

Number of open accounts, 505 

Number and amount of deposits received for previous year, . 348 36,051 93 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 37 21,272 00 

Number and amount of withdrawals, 216 27,165 32 

Number of accounts opened during the previous year, . .116 
Number of accounts closed during the previous year, . . 70 
Amount of expenses of the corporation during previous year, . 575 00 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Sept. 17. 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



89 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 4 per cent., 

City bonds : — 
City of Charlestown, 

of Portland, Me., . 


$4,000 

2,000 
3,000 


$4,000 00 

2,240 00 
3,075 00 


$4,000 00 

2,000 00 
3,000 00 


Bank Stock. 


Merchandise Nat'l Bank, Boston, . 
Central Nat' 1 Bank, Boston, . 
Weymouth Nat'l Bank, Weymouth, 


$1,500 

1,000 

500 


$1,380 00 
850 00 
512 50 


$1,500 00 

1,000 00 

512 50 


Railroad Bonds. 


Old Colony, 


$2,000 


$2,050 00 


$2,050 00 



12 



90 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ELIOT FIVE CENTS SAVINGS BANK— BOSTON. 

Incorporated Feb. 4, 1861. Number of corporators, 60. 
William C. Appletox, President. Treasurer, George C. Leach. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1, 014,440 43 


Public funds, .... 


$295,000 00 


Earnings, undi- 




Loans on public funds, . 


42,000 00 


vided, 


24,480 42 


Bank stock, .... 


55,400 00 


Guaranty fund, . 


9,469 11 


Loans on bank stock, 


2,125 00 


Tax account, 


4,100 00 


Railroad bonds, 


6,000 00 






Real estate bv foreclosure, 


37,200 00 






Loans on real estate, 


554,200 00 






Loans on personal security, . 


30,000 00 






Loans to counties, cities, or 








towns, . . . . . 


1,500 00 






Expense account, 


540 55 


* 




Tax titles of real estate, . 


655 38 






People's National Bank, . 


25,336 97 






Cash on band, .... 


2,263 99 






Suspense account, 


268 07 


* 


$1,052,489 96 


$1,052,489 96 



Loans on Public Funds, amount on each : — 
On United States bonds, 6s, par value $30,000, 
On bonds of City of Providence, par value $12,000, 

Loans on Bank Stock, amount on each: — 
On 25 shares People's National Bank, Boston, 



Real estate by foreclosure, . 
Estimated value of the same 



Cash on Deposit in Bank : — 
People's National Bank, Boston, 

Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent., 

for the previous year, ) 2 per cent., 

Times for the dividends fixed by the by-laws : second Wednesday 

of April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7 per cent. 
The total amount of loans, with each specified rate of interest: 

$12,000, 3 percent.; $30,000, 3i per cent.; $30,125, 5 per cent; 

$162,800, 6 per cent. ; $26,900, 6£ per cent. ; $255,500, 7 per cent. ; 

$10,000, 7 T 3 o per cent. ; $67,600, 7£ per cent. ; $34,900, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 103 

Aggregate amount of the same, 

Number of open accounts, 5,815 

Number and amount of deposits received for previous year, 3,671 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, . . . . . 124 

Number and amount of withdrawals, .... 4,274 



:i 



$30,000 00 
12,000 00 



$2,500 00 

$37,200 00 
40,700 00 



$25,336 97 

$73,094 54 
23,037 20 
19,830 35 



177,025 00 

198,624 07 

66,518 00 
552,310 22- 



1879.] 



PUBLIC DOCUMENT— No. 8. 



91 



Number of accounts opened during the previous year, . . 544 
Number of accounts closed during the previous year, . 1,163 

Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, . 

Date of examination by commissioner: May 21. 

Public Funds. 



55,825 88 
5,000 00 









Estimated 








Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 


• • • 


$125,000 


$129,062 00 


$125,000 00 


State of Maine bonds, 


6 per ct., 


1,000 


1,120 00 


1,000 00 


of New Hampshire 


bonds, " 


5,000 


5,600 00 


5,000 00 


City and town bonds: - 










City of FaU River, . 


6 per ct. , 


10,000 


10,600 00 


10,000 00 


of Cambridge, . 


a 


10,000 


11,000 00 


10,000 00 


of Chelsea, 


u 


18,000 


19,800 00 


18,000 J)0 


of Lawrence, 


a 


15,000 


15,900 00 


15,000 00 


of Lowell, 


a 


13,000 


13,780 00 


13,000 00 


of Somerville, . 


6| per ct., 


10,000 


11,000 00 


10,000 00 


of Taunton, 


. 6 per ct. , 


21,000 


22,260 00 


21,000 00 


of Springfield, . 


u 


20,000 


22,000 00 


20,000 00 


of Lynn, . 


5 per ct. , 


5,000 


5,100 00 


5,000 00 


of Portsmouth, N.H 


, 6 per ct., 


10,000 


10,400 00 


10,000 00 


of Dover, N.H., 


u • 


5,000 


5,200 00 


5,000 00 


of Bangor, Me., 


a 


4,000 


4,120 00 


4,000 00 


Town of Woburn, . 


u 


8,000 


8,800 00 


8,000 00 


of Beverly, 


5^- per ct. j 


10,000 


10,000 00 


10,000 00 


City of Portland, 


• 


5,000 


5,200 00 


5,000 00 



Bank Stock. 



People's Nat'l Bank, Boston, . 
Atlantic Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Market Nat'l Bank, Boston, . 
Merchants' Nat'l Bank, Boston, 
Mount Vernon Nat'l Bank, Boston, 
Maverick Nat' 1 Bank, Boston, . 
Naumkeag Nat'l Bank, Salem, 
State Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, . 
Nat'l Bank of Commerce, Boston, 
Nat'l Bank of No. America, Boston 
Nat'l Bank of Redemption, Boston, 



$13,000 
1,000 
. 7,000 
2,000 
5,000 
1,000 
1,000 
1,300 
3,000 
3,000 
6,100 
600 
1,000 
1,400 
4,300 
1,700 
1,000 
2,000 



$19,500 00 
1,050 00 
7,910 
2,600 
4,250 
1,040 
1,280 
1,352 
2,760 
3,930 
6,100 00 
906 00 
1,500 
1,596 
4,644 
1,411 
1,040 
2,700 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



$13,000 00 
1,000 00 
7,000 
2,000 
5,000 
1,000 
1,000 
1,300 
3,000 
3,000 
6,100 00 
600 00 
1,000 
1,400 
4,300 
1,700 
1,000 
2,000 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 



Railroad Bonds. 



Boston and Lowell Railroad bonds, 



,000 $6,780 00 



,000 00 



92 



BANK COMMISSIONERS' REPORT. 



[Jan. 



EMIGRANT SAYINGS BANK i— BOSTON. 

Incorporated 1870. Number of corporators, 48. 
Charles F. Donnelly, President. Treasurer, James N. Clark. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 
Suspense, . 


$1,982,604 37 

31,709 91 
9,019 67 
3,130 84 


Public funds, 
Real estate, 

Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, 
Deposit in banks on interest, 
Furniture and fixtures, . 
Cash on hand, . 




$46,937 50 

289,979 64 

229,323 49 

1,159,296 77 

55,000 00 

232,586 90 

11,691 91 

1,648 58 




$2,026,464 79 






$2,026,464 79 



Amount invested in real estate, $289,979 64 

Estimated value of the same, 289,979 64 

Amount of real estate by foreclosure, . . - . . . . 229,333 49 

Estimated value of the same, 200,000 00 

Cash on Deposit in Banks : — 

Boston National Bank, Boston, $92,154 59 

Maverick National Bank, Boston, 140,432 31 



Whole amount of interest or profits received or earned, . . . $106,663 72 
Rate and amount of one semi-annual dividend for the previous 

year (2 per cent.), 43,216 00 

Times for the dividends fixed by the by-laws : third Wednesday of 

May and November. 
The total amount of loans, with each specified rate of interest: 

$13,000, 4 per cent. ; $297,300, 6 per cent. ; $84,300, 6£ per cent. ; 

$333,346.77, 7 per cent. ; $8,500, 7i per cent. ; $52,800, 7 T % per . 

cent. ; $206,450, 7£ per cent. ; $11,000, 7| per cent. ; $207,600, 

8 per cent. 
Number of outstanding loans which are of an amount not . 

exceeding $3,000 each, .149 

Aggregate amount of the same, 249,055 00 

Number of open accounts 6,496 

Number and amount of deposits received for previous year, 2,208 175,396 95 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 83 49,920 94 

Number and amount of withdrawals, .... 4,789 478,260 06 



1 Temporarily enjoined by decree of Supreme Judicial Court April 16, 1878. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



93 



Number of accounts opened during the previous year, . . 335 
Number of accounts closed during the previous year, . . 942 
Amount of expenses of the corporation during previous year, . $6,502 76 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : March 15. 



Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 5 percent., gold, 



$40,000 



$42,250 00 



$46,937 50 



94 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ESSEX SAVINGS BANK — LAWRENCE. 

Incorporated Marcb 12, 1847. Number of corporators, 48. 

Joseph Shattuck, President. Treasurer, James H. Eaton. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 


$2,954,202 19 

62,248 15 
20,000 00 


Public funds, 

Bank stock, .... 

Loans on bank stock, 

Railroad bonds, 

Real estate, . 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Deposit in banks on interest, 

Cash on hand, . 




$523,000 00 

297,850 00 

6,000 00 

300,000 00 

35,000 00 

27,000 00 

1,574,846 00 

151,551 00 

104,897 95 

16,305 39 




$3,036,450 34 






$3,036,450 34 



Loans on Bank Stock, amount on each : — 
On 16 shares Lawrence National Bank, Lawrence, .... $1,000 00 
On 30 shares Suffolk National Bank, Boston ; 60 shares Lawrence 

National Bank, Lawrence, 5,000 00 

Amount invested in real estate, $35,000 00 

Estimated value of the same, . . 45,000 00 

Amount of real estate by foreclosure, 27,000 00 

Estimated value of the same, • . 27,000 00 

Cash on Deposit in Banks : — 

Hide and Leather National Bank, Boston, $4,897 95 

Maverick National Bank, Boston, 100,000 00 

Whole amount of interest or profits received or earned, . . . $193,089 60 
Rate and amount of each semi-annual dividend ") 2 per cent., . ( 57,746 66 

for the previous year, J 2 per cent., . ( 55,980 14 

Times for the dividends fixed by the by-laws: April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend: 7 T 2 g 2 Q per cent. 
The total amount of loans, with each specified rate of interest : 

$186,951, 6 per cent. ; $73,500, 6£ per cent. ; $1,471,946, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . 377 

Aggregate amount of the same, 449,514 00 

Number of open accounts, . 8,664 

Number and amount of deposits received for previous year, 7,911 519,637 70 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 409 219,890 36 

Number and amount of withdrawals, .... 6,256 945,404 62 

Number of accounts opened during the previous year, . 1,803 

Number of accounts closed during the previous year, . 2,228 

Amount of expenses of the corporation during previous year, . 7,307 57 

Amount of treasurer's bonds, 25,000 00' 

Date of examination by commissioner: Nov. 21. 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Public Funds. 



95 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States currency bonds, 6s, . 


180,000 


$96,000 00 


180,000 00 


" " bonds, 1881, 


70,000 


75,600 00 


70,000 00 


u u u 4.1c 
^2 b > 


200,000 


208,000 00 


200,000 00 


City bonds : — 








City of Lawrence, .... 


33,000 


33,000 00 


16,000 00 


of Boston, 




10,000 


11,000 00 


10,000 00 


of Lynn, . 




50,000 


55,000 00 


50,000 00 


of Fall River, . 




25,000 


27,500 00 


25,000 00 


of Somerville, . 




25,000 


25,750 00 


25,000 00 


of Rockland, Me., . 




14,000 


13,300 00 


15,000 00 


of Newton, 




16,000 


16,640 00 


16,000 00 



Bank 


Stock. 








Atlas Nat'l Bank, Boston, 


$13,000 


$14,300 00 


$13,000 00 


Atlantic Nat'l Bank, Boston, . 


4,000 


5,000 


00 


4,000 00 


Bay State Nat'l Bank, Lawrence, . 


22,500 


30,000 


00 


22,500 00 


Boston Nat'l Bank, Boston, 


3,000 


2,670 


00 


3,000 00 


Commonwealth Nat'l Bank, Boston, 


4,000 


3,560 


00 


4,000 00 


Commerce Nat'l Bank, Boston, 


10,000 


8,000 


00 


10,000 00 


Continental Nat'l Bank, Boston, 


2,000 


1,700 


00 


2,000 00 


City Nat'l Bank, Boston, 


13,000 


13,910 00 


13,000 00 


Eleventh Ward Nat'l Bank, Boston, 


4,600 


920 


00 


4,600 00 


Eliot Nat'l Bank, Boston, 


8,000 


7,760 


00 


8,000 00 


Everett Nat'l Bank, Boston, 


10,000 


9,500 


00 


10,000 00 


Howard Nat'l Bank, Boston, . 


23,200 


24,128 


00 


23,200 00 


Hide and Leather Nat'l Bank, Boston, 


10,000 


10,100 


00 


10,000 00 


Massachusetts Nat'l Bank, Boston, . 


3,750 


3,890 


00 


3,750 00 


Maverick Nat'l Bank, Boston, . 


5,100 


7,140 


00 


5,100 00 


Merchants' Nat'l Bank, Boston', 


20,000 


25,000 


00 


20,000 00 


North America Nat'l Bank, Boston, 


15,000 


16,350 


00 


15,000 00 


North Nat'l Bank, Boston, 


10,000 


11,200 


00 


10,000 00 


Revere Nat'l Bank, Boston, 


30,000 


22,500 


00 


30,000 00 


Republic Nat'l Bank, Boston, . 


25,000 


31,500 


00 


25,000 00 


Shawmut Nat'l Bank, Boston, . 


2,700 


2,808 


00 


2,700 00 


Suffolk Nat'l Bank, Boston, 


9,000 


9,900 


00 


9,000 00 


State Nat'l Bank, Boston, 


9,900 


10,989 


00 


9,900 00 


Tremont Nat'l Bank, Boston, . . . 


10,000 


9,950 


00 


10,000 00 


Traders' Nat'l Bank, Boston, . 


7,000 


6,300 


00 


7,000 00 


Union Nat'l Bank, Boston, 


1,000 


1,260 


00 


1,000 00 


Webster Nat'l Bank, Boston, . 


25,000 


24,500 


00 


25,000 00 


Mount Vernon Nat'l Bank, Boston, 


4,600 


4,002 


00 


4,600 00 



Railroad Bonds. 



Boston and Maine Railroad bonds, 
Boston and Lowell Railroad bonds, 
Eastern Railroad bonds, . 



$200,000 
50,000 
53,500 



$232,000 00 
56,500 00 
38,386 00 



$200,000 00 
50,000 00 
50,000 00 



BANK COMMISSIONERS' REPORT. 



[Jan. 



FAIRHAVEN INSTITUTION FOR SAVINGS i — FAIRHAVEN. 

Incorporated 1832. Number of corporators, 48. 

Lewis S. Judd, Vice-President. Treasurer, Charles Drew. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$978,160 67 


Public funds, .... 


$90,225 00 


Earnings, undi- 




Loans on public funds, . 


250 00 


vided, 


15,001 28 


Bank stock, . . . . 


267,063 25 


Guaranty" fund, . 


5,476 97 


Loans on bank stock, 


5,125 00 






Railroad bonds, 


48,312 10 






Real estate, .... 


15,736 68 






Real estate on foreclosure, 


17,818 87 






Loans on real estate, 


209,201 27 






Loans on personal security, . 


300,076 84 






Loans to counties, cities, or 








towns, 


16,500 00 






Expense account, 


8 20 






Suspense account, 


996 75 






Interest accrued, 


23,219 07 






Cash on hand, .... 


4,105 89 




$998,638 92 


$998,638 92 



Loans on Public Funds, amount on each: 
On United States bonds, par value $300, . 



$250 00 



Loans on Bank Stock, amount on each : — 
On 5 shares Commerce National Bank of Boston, 
On 70 shares Fairhaven National Bank, Fairhaven, 
On 4 shares Webster National Bank of Boston, 



$250 00 

4,575 00 

300 00 



Amount invested in real estate, $4,809 36 

Assessed value of the same, . . . ■ 3,800 00 

Real estate by foreclosure, . . 17,818 87 

Estimated value of the same, 14,250 00 



Cash on Deposit in Bank : — 
Fairhaven National Bank, without interest, 



$3,998 86 



Whole amount of interest or profits received or earned, . . . $64,599 04 
Rate and amount of one semi-annual dividend for previous year 

(2£ per cent.), 23,818 07 

Times for the dividends fixed by the by-laws : last Monday of April 

and October. 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued Oct 28, 1878. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



97 



The total amount of loans, with each specified rate of interest: 

$289,293.33, 6 per cent. ; $39,500, 6£ per cent. ; $150,833.17, 7 per 

cent.; $38,475.27, 7i per cent. ; $13,001.34, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .98 

Aggregate amount of the same, $62,306 43 

Number of open accounts, . ^ 1,578 

Number and amount of deposits received for previous year, . 243 78,136 96 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 63 41,765 95 

Number and amount of withdrawals, .... 1,291 220,616 25 

Number of accounts opened during the previous year, . . 83 

Number of accounts closed during the previous year, . . 264 

Amount of expenses of the corporation during previous year, . 3,153 25 

Amount of treasurer's bonds, 5,000 00 

Date of examination by commissioner: Aug. 29. 



Public Funds. 





Tar Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 

City and town bonds: — 

City of Portland,Me. , . 

of Bangor, Me., 

of Bath, Me., . 

of Belfast, Me., 

Town of Fairhaven, 


$20,000 

6,000 
13,000 
10,000 

6,500 
33,000 


$20,800 00 

6,450 00 
13,910 00 
10,665 00 

6,955 00 
36,300 00 


$21,725 00 

6,000 00 
13,000 00 
10,000 00 

6,500 00 
33,000 00 



Bank Stock. 



Commerce Nat'l Bank, Boston, 


$20,100 


$16,080 00 


$20,100 00 


Eliot Nat'l Bank, Boston, 


10,000 


9,700 00 


10,000 00 


North Nat'l Bank, Boston, 


5,600 


6,720 00 


5,600 00 


Merchants' Nat'l Bank, Boston, 


8,000 


10,000 00 


8,000 00 


Traders' Nat'l Bank, Boston, . 


10,500 


9,450 00 


10,500 00 


Webster Nat'l Bank, Boston, . 


21,500 


19,941 25 


21,500 00 


Boston Nat'l Bank, Boston, 


30,000 


27,000 00 


30,000 00 


Republic Nat'l Bank, Boston, . 


8.000 


10,000 00 


8,000 00 


State Nat'l Bank, Boston, 


14,000 


15,400 00 


14,000 00 


Howard Nat'l Bank, Boston, . 


15,200 


15,656 00 


15,200 00 


North America Nat'l Bank, Boston, 


14,000 


13,720 00 


14,000 00 


Continental Nat'l Bank, Boston, 


5,000 


4,250 00 


5,000 00 


Eleventh Ward Nat'l Bank, Boston, 


13,300 


13,300 00 


13,300 00 


First Ward Nat'l Bank, Boston, 


10,000 


9,000 00 


10,000 00 


Metropolitan Nat'l Bank, Boston, . 


4,000 


3,890 00 


4,000 00 



13 



98 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Manufacturers' Nat'l Bank, Boston, 
Wachusett Nat'l Bank, Fitchburg, . 
Mechanics' Nat'l B'k, New Bedford, 
First Nat'l Bank, New Bedford, . 
Fairhaven Nat'l Bank, Fairhaven, . 



$3,500 
12,500 
6,800 
10,000 
44,560 



$3,010 00 

13,750 00 

8,160 00 

9,000 00 

30,635 00 



$3,500 00 
13,003 25 
6,800 00 
10,000 00 
44,560 00 



Railroad Bonds. 



Cape Cod Railroad bonds, 


$20,000 


$22,000 00 


$20,000 00 


Mansfield and Framingham Railroad 








bonds, 


8,000 


8,000 00 


8,000 00 


Boston, Clinton, and Fitchburg Rail- 








road bonds, 


15,000 


15,000 00 


15,000 00 


Flint and Pere Marquette Railroad 








bonds, 1 . 


5,312 


No sales. 


5,312 10 



1 Taken to secure indebtedness. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



99 



FALL RIVER FIVE CENTS SAVINGS BANKi — FALL RIVER. 

Incorporated April 10, 1855. Number of corporators, 64. 

"Walter C. Durfee, President. Treasurer, Charles J. Holmes. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 


$1,172,053 85 

74,736 20 
6,600 53 


Public funds, 
Bank stock, 
Railroad bonds, 
Loans on real estate, 
Loans on personal security, 
Expense account, 
Deposit in bank, 
Cash on hand, . 




$100,000 00 

180,200 00 

45,000 00 

502,700 00 

393,600 00 

1,454 70 

30,000 00 

435 88 




$1,253,390 58 






$1,253,390 58 



Cash on deposit in Bank: — 

Second National Bank, Fall River 

Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend > 2£ per cent., 

for the previous year, ) 2^- per cent., 

Times for the dividends fixed by the by-laws : second Monday of 

June and December. 
The total amount of loans, with each specified rate of interest: 

$S96,300, 6 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 75 

Aggregate amount of the same, 

Number of open accounts, 4,771 

Number and amount of deposits received for previous year, 11,374 
Number and amount of deposits of and exceeding $300 at any 



$30,000 00 

$65,424 93 

32,798 00 

29,613 85 



one time for the previous year, 

Number and amount of withdrawals, .... 

Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year 
Amount of treasurer's bonds, . . . . . . 

Date of examination by commissioner: April 10. 



. 44 

3,988 
. 277 
. 995 



84,000 00 

130,230 19 

31,035 00 
309,584 17 



3,747 56 
20,000 00 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued June 10, 1873. 



100 



BANK COMMISSIONERS' REPORT. 
Public Funds. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States currency bonds, 6s, . 



$100,000 



$120,375 00 



$100,000 00 



Bank Stock. 



Atlantic Nat'l Bank, Boston, . 


$1,300 


$1,638 00 


$1,300 00 


Atlas Nat'l Bank, Boston, 


3,000 


3.311 00 


3,000 00 


Blackstone Nat'l Bank, Boston, 


12,000 


11,400 00 


12,000 00 


Boston Nat'l Bank, Boston, 


3,200 


2,848 00 


3,200 00 


Broadway Nat'l Bank, Boston, 


5,500 


4,655 00 


5,500 00 


Eliot Nat'l Bank, Boston, 


1,500 


1,455 00 


1,500 00 


First Nat'l Bank, Boston, 


5,000 


8,462 00 


5,000 00 


Howard Nat'l Bank, Boston, . 


13,300 


13,832 00 


13,300 00 


Maverick Nat'l Bank, Boston, . 


2,200 


3,212 00 


2,200 00 


Monument Nat'l Bank, Boston, 


8,500 


12,835 00 


8,500 00 


Nat'l Bank of Commerce, Boston, . 


1,000 


800 00 


1,000 00 


Nat'l Bank of No. America, Boston, 


8,400 


8,400 00 


8,400 00 


City Nat'l Bank, Boston, . 


10,000 


10,700 00 


10,000 00 


Exchange Nat'l Bank, Boston, 


4,000 


5,400 00 


4,000 00 


Hide and Leather Nat'l B'k, Boston, 


7,500 


7,679 00 


7,500 00 


Revere Nat'l Bank, Boston, 


7,500 


7,500 00 


7,500 00 


Webster Nat'l Bank, Boston, . 


3,000 


2,970 00 


3,000 00 


Shawmut Nat'l Bank, Boston, 


6,700 


7,035 00 


6,700 00 


First Nat'l Bank, Chelsea, 


30,000 


30,000 00 


30,000 00 


First Nat'l Bank, Maiden, 


10,000 


10,500 00 


10,000 00 


First Nat'l Bank, Oxford, 


2,000 


2,400 00 


2,000 00 


Metacomet Nat'l Bank, Fall River, . 


9,400 


10,340 CO 


9,400 00 


Second Nat'l Bank, Fall River, 


20,200 


15,150 00 


20,200 00 


Union Nat'l Bank, Fall River, 


5,000 


5,000 00 


5,000 00 



Railroad Bonds. 



Rutland Railroad equipment bonds, 



$100,000 



$45,000 00 



$45,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



101 



FALL RIVER SAVINGS BANK i— FALL RIVER. 

Incorporated 1828. Number of corporators. 105. 

Job B. French, President. Treasurer, Charles A. Bassett. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 


$5,500,061 00 

220,960 36 
32,000 00 


Public funds, 

Bank stock, 

Loans on bank stock, 

Real estate, 
-'Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Deposit in banks on interest, 
-Expense account, 

Cash on hand, . 




$405,000 00 

654,200 00 

1,000 00 

50,000 00 

2,000 00 

2,173,842 12 

2,282,358 00 

182,000 00 

46 16 

2,575 08 




$5,753,021 36 






$5,753,021 36 



Loans on Bank Stock : — 
National Union Bank, Fall River, 



$1,000 00 



Amount invested in real estate, $50,000 00 

Estimated value of the same, 50,000 00 

Cash on Deposit in Banks: — 

Massasoit National Bank, Fall River, $162,000 00 

Metacomet National Bank, Fall River, 20,000 00 

Whole amount of interest or profits received or earned, . . . $316,216 76 
Rate and amount of each semi-annual dividend ) 2| per cent., . < 142,618 37 

for the previous year, )2 percent., .(109,80147 

Times for the dividends fixed by the by-laws : April and October. 
The total amount of loans, with each specified rate of interest: 

$4,457,200.12, 6 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . .333 

Aggregate amount of the same, . . . . . . . . 490,468 12 

Number of open accounts, 11,138 

Number and amount of deposits received for previous year, 24,977 614,950 75 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 316 199,962 78 

Number and amount of withdrawals, .... 13,631 1,028,875 18 

Number of accounts opened during the previous year, . . 942 

Number of accounts closed during the previous year, . 1,564 

Amount of expenses of the corporation during previous year, . 12,074 34 

Amount of treasurer's bonds, 25,000 00 

Date of examination by commissioner: June 27. 



1 An order regulating the payment of deposits for one year, limiting them to an. amount not 
oxceeding ten per cent, each six months, was issued June 28, 1878. 



102 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 4|- per cent., . 

City bonds : — 
City of Fall River, 6s., . 


$300,000 
105,000 


$311,625 00 
107,100 00 


$300,000 00 
105,000 00 



Bank Stock. 



Fall River Nat'l Bank, Fall River, . 


$66,300 


$79,560 00 


$66,300 00 


Massasoit Nat'l Bank, Fall River, . 


42,200 


63,300 00 


42,200 00 


Metacomet Nat'l Bank, Fall River, . 


86,200 


94,820 00 


86,200 00 


Nat'l Union Bank, Fall River, 


23,000 


23,000 00 


23,000 00 


Second Nat'l Bank, Fall River, 


15,000 


11,250 00 


15,000 00 


First Nat'l Bank Few Bedford, 


50,000 


44,750 00 


50,000 00 


Merchants' Nat'l B'k, New Bedford, 


22,000 


28,270 00 


22,000 00 


Nat'l B'k of Commerce, N. Bedford, 


42,000 


35,700 00 


42,000 00 


Eliot Nat'l Bank, Boston, 


18,300 


17,751 00 


18,300 00 


Faneuil Hall Nat'l Bank, Boston, . 


40,000 


49,200 00 


40,000 00 


First Nat'l Bank, Boston, 


33,000 


55,770 00 


33,000 00 


Howard Nat'l Bank, Boston, . 


30,000 


31,200 00 


30,000 00 


Merchants' Nat'l Bank, Boston, 


16,000 


20,000 00 


16,000 00 


Nat'l Bank of Commerce, Boston, . 


30,000 


23,700 00 


30,000 00 


Nat'l Hide and Leather B'k, Boston, 


27,000 


27,270 00 


27,000 00 


Nat'l Revere Bank, Boston, 


30,000 


30,000 00 


30,000 00 


Second Nat'l Bank, Boston, 


23,200 


30,622 00 


23,200 00 


Washington Nat'l Bank, Boston, . 


20,000 


25,000 00 


20,000 00 


Nat'l Bank of N. America, Boston, . 


40,000 


40,000 00 


40,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



103 



FITCHBURG SAVINGS BANK — FITCHBURG. 

Incorporated 1846. Number of corporators, 65. 
Thornton K. Ware, President. Treasurer, Charles J. Billings. 

Statement. 



Liabilities. 


Assets. 


"Value on Books. 


Deposits, 


$1,939,938 99 


Public funds 


$127,722 50 


Earnings, undi- 




Loans on public funds, . 


5,400 00 


vided, 


41,600 53 


Bank stock, .... 


186,160 00 


Rents, . 


4,987 40 


Loans on bank stock, 


9,800 00 


Guaranty fund, . 


17,700 00 


Railroad bonds, 


2,700 00 






Real estate, .... 


150,000 00 






Real estate by foreclosure , 


16,700 00 






Loans on real estate, 


961,106 00 






Loans on personal security, . ' 


443,841 95 






Loans on railroad stock, . 


270 00 






Deposits in banks on interest, 


94,963 27 






Expense account, 


391 17 






Cash on band, .... 


5,172 03 




$2,004,226 92 


$2,004,226 92 



Loan on Publie Funds, amount on each: — 

On United States bonds, $5,400 00 

Loans on Bank Stock, amount on each: — 

On 70 shares Fitehburg National Bank, $8,000 00 

On 10 shares Safety Fund National Bank, Fitehburg, . . . 900 00 

On 20 shares First National Bank, Leominster, . . . . 900 00 

Cash on Deposit in Bank : — 

Shawmut National Bank, Boston, $94,963 27 

Amount invested in real estate, $150,000 00 

Estimated value of the same, ........ 150,000 00 

Amount held by foreclosure, 16,700 00 

Estimated value of the same, 14,500 00 



:i 



$136,559 12 
45,811 66 
41,459 53 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent., 

for the previous year, .... )2 percent., 
Times for the dividends fixed by the by-laws : June 1 and Dec. 1. 
The total amount of loans, with each specified rate of interest : 

$795,323.95, 6 per cent. ; $256,433, 6* per cent. ; $496,521, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 381 

Aggregate amount of the same, 516,17100 

Number of open accounts, 5,301 

Number and amount of deposits received for previous year, 1,163 194,300 07 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, , 102 59,8C6 92 



104 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of withdrawals, . . . . 3,639 $579,987 17 

Number of accounts opened during the previous year, . . 286 
Number of accounts closed during the previous year, . 1,028 

Amount of expenses of the corporation during previous year, . 4,283 36 

Amount of treasurer's bonds, 25,000 00 

Amount of assistant treasurer's bonds, 20,000 00 

Date of examination by commissioner: Nov. 13. 



Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 


$55,500 


$59,109 37 


$55,500 00 


City and town bonds : — 








City of Fitchburg, .... 


50,000 


55,250 00 


46,625 00 


of Norwich, Conn., . 


17,000 


19,890 00 


• 17,935 00 


of Portland, Me., 


5,000 


5,100 00 


4,662 50 


Town of Tolland, .... 


2,000 


2,160 00 


2,000 00 


of Sandisfield, 


1,000 


1,080 00 


1,000 00 


Bank 


Stock. 






Fitchburg Nat'l Bank, Fitchburg, . 


$13,500 


$20,250 00 


$14,000 00 


Rollstone Nat'l Bank, Fitchburg, . 


11,300 


16,950 00 


12,210 00 


Leominster Nat'l Bank, Leominster, 


20,000 


21,600 00 


22,550 00 


Crocker Nat'l Bank, Turner's Falls, 


20,000 


20,000 00 


20,000 00 


Townsend Nat'l Bank, Townsend, . 


500 


575 00 


500 00 


City Nat'l Bank, Worcester, . 


10,000 


10,500 00 


10,000 00 


Quinsigamond Nat'l Bank, Worcester, 


3,000 


3,210 00 


3,000 00 


Merchants' Nat'l Bank, Boston, 


20,000 


25,000 00 


20,000 00 


Boston Nat'l Bank, Boston, 


13,300 


11,817 00 


13,300 00 


Howard Nat'l Bank, Boston, . 


15,000 


15,600 00 


15,000 00 


North Nat'l Bank, Boston, 


11,600 


13,050 00 


11,600 00 


Revere Nat'l Bank, Boston, 


15,000 


15,000 00 


20,000 00 


North America Nat'l Bank, Boston, 


6*600 


6,600 00 


6,600 00 


Commerce Nat'l Bank, New Bedford, 


10,000 


8,525 00 


12,400 00 


Citizens' Nat'l Bank, New Bedford, 


10,000 


7,800 00 


10,000 00 


Railroad Bonds. 


Agricultural Branch Railroad bonds, 


$3,000 


$2,700 00 


$2,700 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



105 



FLORENCE SAVINGS BANK — FLORENCE. 

Incorporated 1873. Number of corporators, 32. 

A. T. Lilly, President. Treasurer, H. H. Bond. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$88,647 98 

1,227 90 

536 68 


Public funds, .... 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, . 

Expense account, 

Deposit in banks, 

Cash on band, .... 


$10,456 25 

934 18 

57,402 02 

12,796 84 

36 00 

8,305 79 

481 48 




$90,412 56 


$90,412 56 



Cash on Deposit in Bank : — 
Hampshire County National Bank, . 

Amount of real estate by foreclosure, 
Estimated value of the same, 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2£ per cent., 

for the previous year, ) 2-J per cent., 

Times for the dividends fixed by the by-laws : second Tuesday of 

April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6| per cent. 
The total amount of loans, with each specified rate of interest: 

$70,198.86, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 103 

Aggregate amount of the same, 

Number of open accounts, 852 

Number and amount of deposits received for previous year, . 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, 

Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, t 

Date of examination by commissioner : Oct. 2. 



S8,305 79 

$934 18 
2,300 00 

$5,962 59 
2,074 80 
2,033 07 





62,698 86 


852 




741 


31,921 83 


14 


8,120 41 


419 


29,824 69 


104 




39 




. 


661 17 


. 


10,000 00 



Public 


Funds. 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 


$10,000 


$10,225 00 


$10,456 25 



14 



106 



BANK COMMISSIONERS' REPORT. 



[Jan. 



FOXBOBOT7GH SAVINGS BANK* — FOXBOROUGH. 

Incorporated April, 1855. Number of corporators, 61. 
Otis Cart, President. Treasurer, Isaac A. Bar^tes. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 


$188,152 95 1 


Public funds, .... 


$10,300 00 


Earnings, undivided, 


1,149 81 


Loans on public funds, . 


250 00 


Guaranty fund, 


1,341 54 


Bank stock, .... 


13,000 00 






Ileal estate bv foreclosure, 


7,267 50 






Loans on reai estate, 


135.010 00 






Loans on personal security, . 


9,899 89 






Loans to counties, cities, or 










5,000 00 






Expense account, 


2,032 95 






Cash on hand, . 


7,883 96 




$190,644 30 


$190,644 30 



Loans on Public Funds, amount on each: — 
On United States bonds, $250 00 

Amount of real estate by foreclosure, $7,267 50 

Estimated value of the same, 7,267 50 

Whole amount of interest or profits received or earned, . . . $15,079 14 
Rate and amount of one semi-annual dividend for the previous 

year (2^- per cent.), 5,494 79 

Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5 per cent. 
Times for the dividends fixed by the by-laws : May and November. 
The total amount of loans, with each specified rate of interest: 

$15,900, 6 per cent. ; $81,904.89, 7 per cent. ; $1,250, 7 T % per cent. ; 

$20,905, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 162 

Aggregate amount of the same, 103,459 89 

Number of open accounts, 837 

Number and amount of deposits received for previous year, . 99 8,074 36 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, .9 4,155 83 

Number and amount of withdrawals, 673 54,540 59 

Number of accounts opened during the previous year, . . 24 
Number of accounts closed during the previous year, . . 89 
Amount of expenses of the corporation during previous year, . 750 00 

Amount of treasurer's bonds, 15,000 00 

Date of examination by commissioner: Dec. 27. 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued April 30, 1878. 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Public Funds. 



10T 



Par Value. 



Estimated 
Market Value. 




Amount Invested. 



United States bonds, 1881, 

" " " 4 per cent., 



$5,300 
5,000 



$5,300 00 
5,000 00 



Bank Stock. 



Wrentham Nat'l Bank, Wrentham, . 


$700 


$700 00 


$700 00 


Boylston Nat'l Bank, Boston, . 


1,500 


1,875 00 


1,500 00 


Webster Nat'l Bank, Boston, . 


1,000 


920 00 


1,000 00 


Hide and Leather Nat'lB'k, Boston, 


1,500 


1,515 00 


1,500 00 


Faneuil Hall Nat'l Bank, Boston, . 


800 


984 00 


800 00 


Merchandise Nat'l Bank, Boston, . 


7,500 


6,000 00 


7,500 00 



108 



BANK COMMISSIONERS' REPORT. 



[Jan. 



FBAMTNGHAM SAVINGS BANK — FRAMINGHAM CENTRE. 

Incorporated 1846. Number of corporators, 42. 
Charles Uphaii, President. Treasurer, C. S. Adams. 

Statement. 



Liabilities. 


Assets. 


Yalue on Books. 


Deposits, 
Earnings, undi- 
vided, 
Guaranty fund, . . 


$1,025,702 46 

48,632 76 
8,000 00 


Public funds, .... 
Bank stock, .... 
Loans on bank stock, 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Expense account, 

Cash on band, . ' . 


$31,500 00 

113,900 00 

1,564 49 

19,100 00 

784,718 43 

84,055 00 

2,706 43 

2,000 00 

42,790 87 




61,082,335 22 


$1,082,335 22 



Loans on Bank Stock, amount on each : 
On 17 shares Framingham National Bank, 

Amount of real estate by foreclosure, 
Estimated value of the same, 



Cash on Deposit in Bank : — 
Framingham National Bank, Framingham, 



$1,564 49 

$19,100 00 

2S,000 00 



$29,482 54 



Whole amount of interest or profits received or earned, . . . $73,260 86 
Rate and amount of each semi-annual dividend ) 2\ per cent., . ( 2S,4S1 08 

for the previous year, \ 1\ per cent., .( 26,768 91 

Times for the dividends fixed by the by-laws : first Saturday of May 

and November. 
The total amount of loans, with each specified rate of interest: 

$10,000, 5 per cent.; $15,141.49, 6 per cent.; $844,923.43, 7 per 

cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 505 

Aggregate amount of the same, 57,047 92 

Number of open accounts, 3,964 

Number and amount of deposits received for previous year, 1,109 108,273 77 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 115 58,341 71 

Number and amount of withdrawals, . ' . . 1,627 291,196 64 

Number of accounts opened during the previous year, . . 294 

Number of accounts closed during the previous year, . . 502 

Amount of expenses of the corporation during previous year, . 3,500 00 

Amount of treasurer's bonds, 15,000 00 

Date of examination by commissioner: Aug. 15. 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



109 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 
City of Worcester bonds, 



$7,500 
24,000 



$8,000 00 
25,000 00 



$7,500 00 
24,000 00 



Bank Stock. 



Framingham Nat'l B'k, Framing'm, 


$2,000 


$2,800 00 


$2,000 00 


Howard Nat'l Bank, Boston, . 


13,600 


14,100 00 


13,600 00 


Hide and Leather Nat'l B'k, Boston, 


18,000 


18,700 00 


18,000 00 


First Nat'l Bank, Boston, 


16,500 


28,900 00 


16,500 00 


Traders' Nat'l Bank, Boston, . 


1,000 


950 00 


1,000 00 


Maverick Nat'l Bank, Boston, 


4,900 


7,400 00 


4,900 00 


Boston Nat'l Bank, Boston, 


3,300 


3,300 00 


3,300 00 


Commerce Nat'l Bank, Boston, 


15,800 


13,300 00 


15,800 00 


Eliot Nat'l Bank, Boston, 


11,800 


13,200 00 


11,800 00 


Second Nat'l Bank, Boston, . 


3,000 


4,000 00 


3,000 00 


Republic Nat'l Bank, Boston, . 


9,000 


11,600 00 


9,000 00 


Mount Vernon Nat'l Bank, Boston, 


8,500 


7,500 00 


8,500 00 


Webster Nat'l Bank, Boston, . 


1,500 


1,600 00 


1,500 00 


Central Nat'l Bank, Boston, . 


5,000 


4,200 00 


5,000 00 



110 



BANK COMMISSIONERS' REPORT. 



[Jan. 



FRANKLIN SAYINGS BANK i — BOSTON. 

Incorporated March, 1861. Number of corporators, 78. 

Osmyk Brewster, President. Treasurer, Henry Whittemorb. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$3,467,035 23 


Public funds, .... 


$322,981 45 


Earnings, undi- 




Loans on public funds, . 


231,100 00 


vided, 


139,512 92 


Bank stock, .... 


106,797 83 


Interest, 


23,615 51 


Loans on bank stock, 


1,850 00 


Guaranty fund, . 


18,137 01 


Real estate by foreclosure, 


298,351 96 


Suspense acc't, . 


2,500 00 


Loans on real estate, 


2,096,628 00 






Loans on personal security, . 


73,860 15 






Loans to counties, cities, or 








towns, 


297,930 00 






Deposit in banks on interest, . 


172,514 92 






Expense account, 


3,887 88 






Accrued interest, 


40,165 98 






Bank fixtures, .... 


2,201 16 


1 




Attorney's fees, 


350 00 






Cash on hand, . . . 


2,241 40 




$3,650,860 73 


$3,650,860 73 



Loans on Public Funds, amount on each : - 
On United States bonds, par value, $161,000, 
District of Columbia, 2 par value, $100,000, 

Loans on Bank Stock, amount on each : — 
On 5 shares Continental National Bank, . 
15 shares Eliot National Bank, Boston, 

Amount of real estate by foreclosure, 
Assessed value of the same, 

Cash on Deposit in Bank: — 
Continental National Bank, Boston, . 
Revere National Bank, Boston, . 



$161,100 00 
70,000 00 



$500 00 
1,350 00 

$296,824 16 
273,000 00' 



$97,062 16 
75,452 76 



Whole amount of interest or profits received or earned, . . . $265,973 61 
Rate and amount of one dividend for the previous year (2 per cent.), 91,340 10 
Times for the dividends fixed by the by-laws: Feb. 1 and Aug. 1. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5|- per cent. 
The total amount of loans, with each specified rate of interest: 

$50,000, 2| per cent. ; $170,000, 3 per cent. ; $100,000, 3£ per cent. 

$230,500, 5 percent. ; $70,000, 5* per cent. ; $913,377, 6 percent. ; 

$(542,726, 7 per cent.; $31,716.80, 1 T \ per cent.; $150,843.35, 7£ 

per cent. ; $7,000, 8 per cent. 

1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding twenty per cent, each nix months, was issued May 14, 1878. 

2 Notified of the opinion given by the attorney-general, thai Loans on these bonds are no1 legal. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



Ill 



Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 81 

Aggregate amount of the same, . . . $165,400 00 

Number of open accounts, . . . . . 8,699 

Number and amount of deposits received for previous year, 2,353 273,368 44 

Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 143 77,076 61 

Number and amount of withdrawals, .... 9,463 1,591,503 58 

Number of accounts opened during the previous year, . . 455 

Number of accounts closed during the previous year, . 2,116 

Amount of expenses of the corporation during previous year, . . 15,440 21 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner: Nov. 11. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 5-20s, 
" " " 4|s, 



$90,000 
225,000 



91,109 38 
236,828 12. 



1,153 33 

236,828 12 



Bank Stock. 



Continental Nat'l Bank, Boston, 


$50,000 


$43,000 00 


$49,417 75 


Webster Nat'l Bank, Boston, . 


3,100 


3,038 00 


2,905 75 


Revere Nat'l Bank, Boston, 


19,900 


19,900 00 


20,114 38 


New England Nat'l Bank, Boston, . 


4,000 


5,240 00 


4,170 00 


Atlas Najb'l Bank, Boston, 


5,500 


6,050 00 


5,520 00 


Second Nat'l Bank, Boston, 


5,500 


7,260 00 


5,602 95 


North Nat'l Bank, Boston, 


14,600 


16,425 00 


14,067 00 


Third Nat'l Bank, Springfield, 


5,000 


8,000 00 


5,000 00 



112 



BANK COMMISSIONERS' REPORT. 



[Jan. 



FRANKLIN SAVINGS INSTITUTION - GREENFIELD. 

Incorporated April 2, 1834. Number of corporators, 18. 
Samuel 0. Lamb, President. Treasurer, William Henry Allen. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$2,698,879 43 


! Public funds, .... 


$942,900 00 


Earnings, undi- 




Loans on public funds, . 


1,185 00 


vided, 


32,861 00 


Bank stock, .... 


73,300 00 


Guaranty fund, . 


15,500 00 


Loans on bank stock, 


48,653 92 






Railroad bonds, 


232,500 00 






"■-Real estate bv foreclosure, 


15,233 76 






Loans on real estate, 


906,769 75 






Loans on personal security, . 


155,916 28 






Loans to counties, cities, or 








towns, 


268,135 00 


<. 




Deposit in banks on interest, . 


98,230 27 






^Unsettled interest, . 


1,274 95 






"SExpense account, 


1,611 51 




. 


Cash on hand, .... 


1,529 99 




$2,747,210 43 


$2,747,240 43 



Loans on Public Funds, amount on each: — 
On United States bonds, par value $1,200, 



$1,185 00 



20 shares 
National 



Loans on Bank Stock, amount on each : — 

On 10 shares City National Bank, Worcester, . 

On 62 shares First National Bank, Northampton, 

On 10 shares Hampshire County National Bank, 

On 61 shares First National Bank, Greenfield, . 

On 15 shares Crocker National Bank, Turner's Falls, 

On 35 shares Shelburne Falls National Bank, . 

On 20 shares Franklin County National Bank, Greenfield 
Packard National Bank, Greenfield ; 10 shares Crocker 
Bank, Turner's Falls; $3,500 United States bonds; $7,500 first 
mortgage notes, 

On 50 shares Railroad National Bank, Lowell, . 

On 50 shares Redemption National Bank, Boston, . 

On 49 shares Conway National Bank, Conway, 

On 37 shares Packard National Bank, Greenfield, 

Amount of real estate by foreclosure, . . 
Estimated value of the same, 



$550 00 
5,500 00 
1,000 00 
5,625 00 
1,375 00 
2,750 00 



15,000 00 
5,000 00 
5,000 00 
4,000 00 
2,853 92 

$15,233 76 
15,233 76 



Cash on Deposit in Banks : — 
Hide and Leather National Bank, Boston, 
First National Bank, Greenfield, 
Packard National Bank, Greenfield, . 



$54,770 32 

35,459 95 

8,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



113 



Whole amount of interest or profits received or earned, . . . $166,566 15 
Kate and amount of each semi-annual dividend ) 2 per cent., . ( 58,250 62 

for the previous year, .... . ) 2i per cent. , .*[ 67,564 78 
Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$10,000, 4 per cent. ; $50,650, 5 per cent. ; $217,585, 51 per cent. ; 

$1,102,424.95, 6 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 666 

Aggregate amount of the same, . 608,580 66 

Number of open accounts, 6,762 

Number and amount of deposits received for previous year, 2,035 184,451 63 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 176 99,575 37 

Number and amount of withdrawals, .... 3,942 572,631 77 

Number of accounts opened during the previous year, . . 498 

Number of accounts closed during the previous year, . . 973 

Amount of expenses of the corporation during previous year, . 4,525 28 

Amount of treasurer's bonds, 50,000 00 

Date of examination by commissioner : Oct. 23. 



Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 6s, 1881, . 


.190,000 


$97,200 00 


$90,000 00 


" " " 5s, 1881,. 


50,000 


53,000 00 


50,000 00 


" " " 4|s, 


60,000 


62,400 00 


60,000 00 


City and town bonds : — 








City of Lowell, .... 


46,000 


50,140 00 


46,000 00 


Town of Holyoke, . 






75,000 


81,925 00 


75,000 00 


of Amherst, . 






50,000 


59,667 00 


50,000 00 


of Brookline, . 






59,400 


66,726 00 


59,400 00 


City of Springfield, . 






54,000 


63,972 00 


54,000 00 


of Lawrence, . 






30,000 


33,800 00 


30,000 00 


of Nashua, N.H., 






75,000 


84,000 00 


75,000 00 


of Worcester, . 






50,000 


51,292 00 


50,000 00 


of Boston, 






10,000 


10,467 00 


10,000 00 


Town of Stockbridge, 






6,000 


6,330 00 


6,000 00 


City of Cambridge, . 






67,000 


72,570 00 


67,000 00 


Town of Hyde Park, 






40,000 


42,975 00 


40,000 00 


City of Fall River, . 






20,000 


22,015 00 


20,000 00 


Town of Maiden, 






60,000 


57,300 00 


60,000 00 


City of Somerville, . 






35,000 


37,369 00 


35,000 00 


of Portland, Me., . 






5,000 


5,375 00 


5,000 00 


of Lynn, . 






10,000 


11,300 00 


10,000 00 


of Fitchburg, . 






13,000 


14,560 00 


13,000 00 


Town of Everett, 






25,000 


28,000 00 


25,000 00 


of Greenfield, 






12,500 


12,792 00 


12,500 00 



15 



114 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Bank Stock. 



Par Value. 


Estimated 
Market Value. 


Amount Invested. 


First Nat'l Bank, Northampton, 


$4,900 


$6,125 00 


$4,900 00 


First Nat'l Bank, Greenfield, . 


14,600 


25,550 00 


14,600 00 


Commerce Nat'l Bank, Boston, 


20,400 


16,320 00 


20,400 00 


Faneuil Hall Nat'l Bank, Boston, . 


500 


620 00 


500 00 


North America Nat'l Bank, Boston, 


8,700 


8,700 00 


8,700 00 


Revere Nat'l Bank, Boston, . 


12,500 


12,500 00 


12,500 00 


Traders' Nat'l Bank, Boston, . 


1,500 


1,350 00 


1,500 00 


Webster Nat'l Bank, Boston, . 


10,200 


9,486 00 


10,200 00 



Railroad Bonds. 



Eastern Railroad bonds (new), 
Boston and Albany Railroad bonds, . 
Vermont^ and Mass. Railroad bonds, 
Connecticut River Railroad bonds, . 



$57,500 
25,000 
50,000 

100,000 



$41,447 00 
30,062 00 
56,166 00 

100,000 00 



$57,500 00 
25,000 00 
50,000 00 

100,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



115 



GARDNER SAVINGS BANK— GARDNER. 

Incorporated 1868. Number of corporators, 80. 

Fjranois Richardson, President. Treasurer, John D. Edgell. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undivided. 
Guaranty fund, 



$591,523 14 
8,292 24 
3,724 88 



3,540 26 



Public funds, 

Bank stock, 

Loans on bank stock, 

Railroad bonds, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, .... 
Expense account, 
Interest account, 
Cash on hand, . 



$52,701 81 

56,785 00 

31,000 00 

8,560 00 

1,674 53 

278,823 00 

60,074 33 

105,563 21 

132 35 

1,251 93 

6,974 10 

$603,540 26 



Loans on Bank Stock, amount on each : — 
On 221 shares First National Bank, Gardner, . 
On 100 shares First National Bank, Winchendon, 



$21,000 00 
10,000 00 



Cash on Deposit in Bank : — 
First National Bank, Gardner, 



5,974 10 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$1,674 53 
1,500 00 



Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5 per cent. 
Whole amount of interest or profits received or earned, . . . $36,392 53 
Rate and amount of each semi-annual dividend ) 2£ per cent., . ( 14,309 08 

for the previous year, J 2£ per cent., . ( 14,594 67 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest: 

$97,363.21, 5 per cent. ; $31,000, 6 per cent. ; $347,097.33, 6£ per 

cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 411 

Aggregate amount of the same, . . 295,460 54 

Number of open accounts, 1,897 

Number and amount of deposits received for previous year, 4,665 97,902 87 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, ... . . . .59 28,826 03 

Number and amount of withdrawals, 799 102,891 29 



116 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of accounts opened during the previous year, . . 203 
Number of accounts closed during the previous year, . . 175 
Amount of expenses of the corporation during previous year, . $1,228 62 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner: Oct. 24. 



Public 


Funds. 








Far Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 5-20s, 1868, . $45,950 


$49,117 25 


$52,701 81 


4 

Bank Stock. 



Central Nat'l Bank, Boston, . 
Citizens' Nat'l Bank, Worcester, 
Mechanics' Nat'l Bank, Worcester, 
First Nat'l Bank, Gardner, 
State Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston 
Eagle Nat'l Bank, Boston, 
Crocker Nat'l Bank, Turner's Falls 
Orange Nat'l Bank, Orange, . 
New England Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Commonwealth Nat'l Bank, Boston 
Mechanics' Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Metropolitan Nat'l Bank, Boston, 



$1,000 

2,000 

5,000 

4,500 

5,000 

2,000 

1,100 

10,000 

10,000 

500 

2,000 

3,000 

1,500 

1,500 

1,500 

400 



$985 00 


2,480 


00 


6,325 


00 


5,625 


00 


5,600 


00 


2,040 


00 


1,144 


00 


10,000 00 


10,500 


00 


665 


62 


2,500 


00 


2,700 


00 


1,725 


00 


1,425 


00 


1,725 


00 


396 


00 



50 00 

2,480 00 

6,325 00 

5,284 00 

5,612 50 

2,280 00 

1,284 25 

10,000 00 

10,000 00 

698 75 

2,652 

3,381 

1,953 

1,595 

1,953 

422 



50 
25 

75 
00 
75 
50 



Railroad Bonds. 



Boston and Albany Railroad bonds, 




!,560 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



117 



GEORGETOWN SAYINGS BANK — GEORGETOWN. 

Incorporated 1868. Number of corporators, 61. 
Jeremiah P. Jones, President. Treasurer, Orlando B. Tenney. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$149,588 61 

230 96 

1,000 00 


Public funds, .... 
Bank stock, .... 
Loans on bank stock, 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Cash on band, .... 


$8,743 67 

19,488 00 

275 00 

450 00 

103,484 63 

15,238 82 

3,109 45 




$150,789 57 


$150,789 57 



Amount real estate by foreclosure, 
Estimated value of the same, 



Loans on Bank Stock : — 
On 5 sbares Georgetown National Bank, . 

Casb on Deposit in Bank: — 
Georgetown National Bank, Georgetown, . 



$450 00 
450 00 



$275 00 
2,753 23 



Wbole amount of interest or profits received or earned, . . . $9,067 70 
Rate and amount of each semi-annual dividend > 2\ per cent., . ( 3,322 51 

for tbe previous year, ) 2£ per cent., .( 3,514 88 

Times for tbe dividends fixed by the by-laws : third Wednesday of 

April and October. 
The total amount of loans, with each specified rate of interest: 

$6,000, 6i per cent. ; $112,998.45, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 177 

Aggregate amount of the same, 107,998 45 

Number of open accounts, 552 

Number and amount of deposits received for previous year, . 249 30,565 04 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 29 15,354 30 

Number and amount of withdrawals, 255 22,509 01 

Number of accounts opened during the previous year, . . 89 
Number of accounts closed during the previous year, . . 85 
Amount of expenses of the corporation during previous year, . 275 00 

Amount of treasurer's bonds, 10 000 00 

Date of examination by commissioner : Dec. 2. 



118 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 



- 


Par Value. 


Estimated 
Market "Value. 


Amount Invested. 


City bonds : — 
City of Bath, Me., . 
of Bangor, Me., 
of Belfast, Me., 


$500 

2,000 
6,000 


$515 00 
2,100 00 
6,150 00 


< 

$517 50 
2,110 00 
6,092 50 



Bank Stock. 



Columbian National Bank, Boston, . 
Market Nat'l Bank, Boston, . 
State Nat'l Bank, Boston, 
Eleventh Ward Nat'l Bank, Boston, 
Manufacturers' Nat'l Bank, Boston, 
Georgetown Nat'l B'k, Georgetown, 




$1,703 00 



1,130 
3,290 
1,900 
3,465 
8,000 



00 
00 
00 
00 
00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



119 



GRAFTON SAVINGS BANK— GRAFTON. 

Incorporated March 13, 1869. Number of corporators, 50. 

George K. Nichols, President. Treasurer, Henry F. Wing. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . i 
Earnings, undivided, 
Guaranty fund, 


$120,397 98 

6,625 92 

800 00 


Public funds, .... 

Bank stock, .... 

Loans on real estate, 

Loans on personal security, . 

Loans on bank stock, 

Loans to counties, cities, or 

towns, 

Cash on hand, .... 


$15,618 75 

37,574 74 

49,295 00 

1,150 00 

2,200 00 

15,000 00 
6,985 41 




$127,823 90 


$127,823 90 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 1\ per cent., 

for the previous year, ) 2-J per cent., 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 
. $28,300, 6 per cent.; $21,510, 6£ per cent.; $7,635, 7 per cent.; 

$10,200, 7i per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .52 

Aggregate amount of the same, 

Number of open accounts, 483 

Number and amount of deposits received for previous year, . 227 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 

Expenses, 

Amount of treasurer's bonds, 

Date of examination by commissioner: July 24. 



:{ 



57,917 35 
2,954 50 
2,930 94 



15 

263 

73 

45 



46,295 00 

18,820 24 

8,460 41 
23,877 93 



100 00 
20,000 00 



120 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 5s, 1881, 

" " " 4^s, 




$5,281 25 
10,337 50 



$5,281 25 
10,337 50 



Bank Stock. 



Redemption Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Webster Nat'l Bank, Boston, . 
North Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
Maverick Nat'l Bank, Boston, , 
Massachusetts Nat'l Bank, Boston, 
City Nat'l Bank, Boston, . 
Market Nat'l Bank, Brighton, . 
Eliot Nat'l Bank, Boston, 
Manufacturers' Nat'l Bank, Boston, 
North America Nat'l Bank, Boston, 
Fourth Nat'l Bank, Boston, 
Spencer Nat'l Bank, Spencer, . 
Grafton Nat'l Bank, Grafton, . 
First Nat'l Bank, Grafton, 



$3,000 
3,000 
2,000 
1,000 
1,500 
1,300 
1,000 
1,600 
1,000 

500 

300 
3,800 
1,000 

500 
2,300 

500 
1,000 
6,300 
1,000 




$1,187 75 
3,814 00 
2,040 00 
1,222 75 
1,744 50 
1,476 12 
1,206 25 
1,885 50 
1.237 50 

677 12 

363 25 
4,276 00 
1,230 00 

550 00 
2,714 00 

500 00 
1,000 00 
6,325 00 
1,125 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



121 



GREENFIELD SAVINGS BANK —GREENFIELD. 

Incorporated March 19, 1869. Number of corporators, 17. 

John Sanderson, Presideyit. Treasurer, Henry K. Simons. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$843,659 72 


Public funds, . ... 


$25,000 00 


Earnings, undivided, 


789 77 


Loans on public funds, . 


1,000 00 


Guaranty fund, 


4,725 84 


Bank stock, .... 


109,400 00 






Loans on bank stock, 


9,070 00 






Railroad bonds, 


10,500 00 






Real estate by foreclosure, 


13,882 23 






Loans on real estate, 


422,674 35 






Loans on personal security, . 


160,818 85 






Loans to counties, cities, ox 1 








towns, 


4,985 00 






Expense account, 


641 30 


N 




Unpaid interest, 


6,220 63 






Premium account, . 


28,699 60 






Taxes, 


3,501 49 






Deposit in banks on interest, . 


47,781 88 






Cash on hand, .... 


5,000 00 




$849,175 33 


$849,175 33 



Loans on Public Funds : — 
On United States bonds, par value, $1,000.00, . 

Loans on Bank Stock, amount on each: — 
On 43 shares Franklin County National Bank, Greenfield, 
On 23 shares Crocker National Bank, Turner's Falls, 
On 10 shares First National Bank, Greenfield, . 
On 5 shares Chicopee National Bank, Springfield, 
On 2 shares Agawam National Bank, Springfield, 
On 10 shares Adams National Bank, North Adams, 
On 5 shares First National Bank, Brattleborough, 

Cash on Deposit in Bank : — 
Franklin County National Bank, 

Real estate acquired by foreclosure, . 
Estimated value of the same, .... 



$1,000 00 



>3,815 00 

2,085 00 

1,000 00 

500 00 

170 00 

1,000 00 

500 00 



$47,781 88 



13,882 23 
13,882 23 



$44,136 24 
39,531 31 



Whole amount of interest or profits received or earned, . 

Rate and amount of each semi-annual dividend ) 2£ per cent., . ) 

for the previous year, \2 percent., .} 

The total amount of loans, with each specified rate of interest: 

$5,985, 5 per cent. ; $587,563.20, 6 per cent. ; $5,000, lj\ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 405 

Aggregate amount of the same, 312,794 08 

Number of open accounts, 1 921 

Number and amount of deposits received for previous year, . 873 80,695 91 
16 



122 



BAXK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 79 S42,846 31 

Number and amount of withdrawals, .... 1,315 212,610 55 

Number of accounts .opened during the previous year, . . 244 
Number of accounts closed during the previous year, . . . 288 
■ Amount of expenses of the corporation during previous year, . 2,900 00 

Amount of treasurer's bonds, 25,000 00 

Date of examination by commissioner : Oct. 23. 



Public Funds. 



Par Value. 


Estimated 
IVIarket Value. 


Amount Invested. 


United States bonds, 


$25,000 


125,031 25 


$25,000 00 


Bank Stock. 



Redemption Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, • . 
Revere Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Merchants' Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, . 
Traders' Nat'l Bank, Boston, . 
City Nat'l Bank, Boston, 
Washington Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston 
First Ward Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Metropolitan Nat'l Bank, Boston, 
First Nat'l Bank, Greenfield, . 
Chicopee Nat'l Bank, Springfield, 
Agawam Nat'l Bank, Springfield, 
Third Nat'l Bank, Springfield, 
First Nat'l Bank, Springfield, . 
Conway Nat'l Bank, Conway, 
Franklin Co. Nat'l Bank, Greenfield 
Athol Nat'l Bank, Athol, 
Holyoke Nat'l Bank, Holyoke, 
Orange Nat'l Bank, Orange, . 
Palmer Nat'l Bank, Palmer, . 



$5,200 

7,700 

5,300 

4.200 

4,800 

4,100 

2,300 

3,300 

3,500 

2,500 

600 

300 

1,300 

1,500 

1,000 

2,000 

3,700 

300 

500 

6,000 

5,000 

5,000 

14,000 

2,500 

12.800 

5,000 

5,000 



$6,240 00 

6,083 00 

4,505 

4,074 

4,800 

3.526 

2,070 

4,191 

3,570 

2,250 
642 
375 

1,339 

1,166 

1.325 

1,950 

6,475 
450 
575 

9,600 00 

7,500 00 

5,600 00 
23,100 00 

2,500 00 
14,330 00 

5,250 00 

5,250 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



$5,200 00 

7,700 00 

5,300 

4,200 

4,800 

4,100 

2,300 

3,300 

3,500 00 

2,500 00 
600 
300 

1,300 

1,500 

1,000 

2,000 

3,700 

300 

500 

•6,000 

5.000 

5,000 
14,000 00 

2,500 00 
12,800 00 

5,000 00 

5,000 00 



00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



Railroad Bonds. 



Eastern Railroad bonds, 




$7,533 75 



$10,500 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



123 



GREAT BARRINGTON SAVINGS BANK i — GREAT BARRINGTON. 

Incorporated Feb. 23, 1869. Number of corporators, 58. 

R N. Couch, President. Treasurer, W. H. Parks. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$360,648 73 


Public funds, .... 


$75,500 00 


Earnings, undivided, 


92 98 


Bank stock 


76,660 28 


Guaranty fund, 


2,469 02 


Loans on bank stock, 


1,025 00 






Real estate by foreclosure, 


5,075 92 






Loans on real estate, 


166,571 17 






Loans on personal security, . 


22,033 68 






Loans to counties, cities, or 








towns, 


1,000 00 






Expense account, 


15 31 






Casb on band, .... 


15,329 37 




$363,210 73 


$363,210 73 



Loans on Bank Stock, amount on eacb : — 
On 11 sbares Mabaiwe National Bank, Great Barrington, 
On savings bank book, ... 

Amount of real estate held by foreclosure, 
Estimated value of the same, . . . . 



$900 00 
125 00 

£5,075 92 
5,250 00 



Whole amount of interest or profits received or earned, . 

Rate and amount of one semi-annual dividend for the previous 

year (July dividend omitted), 2J per cent., 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest: 

$1,000, 6 per cent. ; $189,629.85, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 179 

Aggregate amount of the same, 

Number of open accounts, 1,594 

Number and amount of deposits received for previous year, 241 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 20 

Number and amount of withdrawals, .... 2,132 
Number of accounts opened during the previous year, . . 168 
Number of accounts closed during the previous year, . . 303 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: Sept. 30. 



436 17 
10,299 08 



161,002 73 

21,125 06 

10,530 86 
146,138 14 



2,242 90 
10,000 00 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued March 30, 1878. 



124 



BANK COMMISSIONERS' REPORT. 
Public Funds. 



TJan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 



$75,500 



175,750 00 



$75,500 00 



Bank Stock. 



Mahaiwe Nat'l B'k, Gt. Barrington, 


$3,800 


$5,130 00 


$5,445 20 


Lee Nat'l Bank, Lee, 


5,110 


6,152 00 


6,152 00 


Pittsfield Nat'l Bank, Pittsfield, 


300 


414 00 


405 00 


North Adams Nat'l B'k, No. Adams, 


1,000 


1,280 00 


1,280 00 


Housatonic Nat'l Bank, Stockbridge, 


300 


450 00 


450 00 


New England Nat'l Bank, Boston, . 


7,600 


9,956 00 


11,400 00 


North America Nat'l Bank, Boston, 


4,200 


4/200 00 


4,835 25 


Merchants' Nat'l Bank, Boston, 


2,500 


3,125 00 


3,392 50 


Atlantic Nat'l Bank, Boston, . 


1,000 


1,280 00 


1,345 00 


Hamilton Nat'l Bank, Boston, 


1,900 


1,750 00 


2,227 75 


Union Nat'l Bank, Boston, 


1,400 


1,771 00 


2,020 20 


Shoe and Leather Nat'l B'k, Boston, 


6,600 


6,616 50 


9,248 50 


Redemption Nat'l Bank, Boston, 


15,900 


18,921 00 


23,104 13 


Commerce Nat'l Bank, Boston, 


1,700 


1,360 00 


2,151 75 


Suffolk Nat'l Bank, Boston, . 


1,300 


1,430 00 


1,703 00 


Faneuil Hall Nat'l Bank, Boston, . 


1,000 


- 1,000 00 


1,232 50 



1879.] 



PUBLIC DOCUMENT — No. 8. 



125 



GROVELAND SAVINGS B ANK — GROVELAND. 

Incorporated 1869. Number of corporators, 31. 
Mos*s Foster, President. Treasurer, Nathaniel H. Griffith. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$36,467 50 

863 75 

60 00 


Bank stock, .... 
Loans on real estate, 
Loans on personal security, . 
Loans to cities or towns, . 
Cash on hand, .... 


$5,078 00 

27,438 66 

2,260 00 

2,100 00 

514 59 




$37,391 25 


$37,391 25 



Whole amount of interest or profits received or earned, . . . $2,995 83 
Rate and amount of semi-annual dividends for ) 2 per cent., . . ) 

the previous year '2 per cent., . . J l^l 

Times for the dividends fixed by the by-laws : April and October. 
The total amount of loans, with each specified rate of interest: 

$2,100, 5 per cent. ; $8,300, 7 per cent. ; $21,398.66, 7^ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 53 

Aggregate amount of the same, 

Number of open accounts, 175 

Number and amount of deposits received for previous year, . 54 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, . . . . ■ . .4 

Number and amount of withdrawals, 109 

Number of accounts opened during the previous year, . . 21 
Number of accounts closed during the previous year, . . 32 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Nov. 18. 



31,798 66 

4,558 41 

1,700 00 
12,764 59 



54 00 
5,000 00 



Bank Stock. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



First Ward Nat'l Bank, Boston, 
Eleventh Ward Nat'l Bank, Boston, 
Manufacturers' Nat'l Bank, Boston, 
Fourth Nat'l Bank, Lowell, . 



$800 

2,200 

1,500 

500 



$720 00 

^,200 00 

1,350 00 

450 00 



$818 00 

2,200 00 

1,570 00 

490 00 



1 Assessment paid. 



126 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HAMPDEN SAVINGS BANK - SPRINGFIELD. 

Incorporated 1852. Number of corporators, 45. 
Eliphalet Thask, President. Treasurer, Peter S. Bailey. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,461,896 20 


Public funds, .... 


$150,000 00 


Earnings, undi- 




Loans on public funds, . ' . 


5,700 00 


vided, 


5,380 50 


Bank stock, .... 


189,649 00 


Guaranty fund, . 


10,600 00 


Loans on bank stock, 


7,900 00 






Railroad bonds, 


23,000 00 






Real estate by foreclosure, 


68,852 65 






Loans on real estate, 


817,530 00 






Loans on personal security, . 


142,351 35 






Loans on railroad stock, . 


1,500 00 






Expense account, 


1,279 21 






Tax on bank stock, . 


1,823 95 






Premium account, . 


6,460 00 






Cash on band, gold, . 


46,603 00 






Cask on hand, .... 


15,227 54 




$1,477,876 70 


$1,477,876 70 



Amount of real estate by foreclosure, 
Estimated value of the same, 



Cash on Deposit in Banks : — 
In Agawam National Bank, Springfield, . 
First National Bank, New York, gold, 

Loans on Public Funds, amount on each : — 
On United States bonds, $5,000, 5-20s, 1867, . 
On United States bonds, $1,500, 6s, 1881, . 
On United States bonds, $1,000, 10-40s, . 

Loans on Bank Stock, amount on each : -*- 
On 40 shares Holyoke National Bank, 
On 40 shares Agawam National Bank, 
On 9 shares Franklin pounty National Bank, . 

Loans on Railroad Stock, amount on each : — 
On 15 shares Connecticut River Railroad stock, 



,852 65 
65,812 45 



$10,000 00 
45,800 00 



1,100 00 
700 00 
900 00 



$3,000 00 

4,000 00 

900 00 



$1,500 00 



Whole amount of interest or profits received or earned, . . . $99,744 20 
Rate and amount of each semi-annual dividend ) 2-J- per cent., . ( 41,864 45 

for the previous year, ) 2% per cent., .( 36,448 70 

Times for the dividends fixed by the by-laws : Feb. 15 and Aug. 15. 
The total amount of loans, with each specified rate of interest: 

$974,981.35, 6* per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 200 

Aggregate amount of the same, . . . . . . . 253,664 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



127 



Number of open accounts, 3,267 

Number and amount of deposits received for previous year, 1,937 $300,750 12 
Number and amount of deposits of and exceeding $300 at 



any one time for the previous year, .... 
Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, . 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 



217 131,169 94 
2,802 574,288 90 

547 
1,010 

6,000 00 



Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner: Sept. 11. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 5s, . 
" " " 5-20s, 



$50,000 
100,000 



$53,063 00 
106,250 00 



$50,000 00 
100,000 00 



Bank Stock. 



Agawam Nat'l Bank, Springfield, . 


$50,000 


$60,000 00 


$56,525 00 


First Nat'l Bank, Chicopee, 


4,000 


6,000 00 


5,030 00 


First Nat'l Bank, Boston, 


2,800 


4,760 00 


2,800 00 


Hide and Leather Nat'l B'k, Boston, 


7,500 


7,688 00 


7,500 00 


Hadley Falls Nat'l Bank, Holyoke, . 


4,000 


6,000 00 


4,732 00 


Merchants' Nat'l Bank, Boston, 


23,000 


28,750 00 


27,210 00 


Monson Nat'l Bank, Boston, . 


2,000 


3,000 00 


2,200 00 


Commerce Nat'l Bank, Boston, 


10,000 


8,000 00 


10,865 00 


Tremont Nat'l Bank, Boston, . 


600 


600 00 


600 00 


Third Nat'l Bank, Springfield, 


6,400 


9,920 00 


9,760 05 


Revere Nat'l Bank, Boston, 


7,500 


7,875 00 


7,500 00 


Webster Nat'l Bank, Boston, . 


4,000 


4,000 00 


4,292 00 


Ware Nat'l Bank, Ware, 


10,000 


13,000 00 


12,550 00 


Holyoke Nat'l Bank, Holyoke, 


15,000 


15,750 00 


15,000 00 


Hampshire County Nat'l B'k, North- 








ampton, ..... 


4,100 


4,920 00 


4,100 00 


Pynchon Nat'l Bank, Springfield, . 


6,500 


10,985 00 


10,985 00 


First Nat'l Bank, Northampton, 


3,000 


3,900 00 


3,000- 00 


Wachusett JNat'l Bank, Fitchburg, . 


5,000 


5,000 00 


5,000 00 



Railroad Bonds. 



Eastern Railroad bonds, . 




$23,000 00 



128 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HAMPSHIRE SAVINGS BANK — NORTHAMPTON. 

Incorporated 1869. Number of corporators, 26. 
Luther Bodman, President. Treasurer, Lewis Warner. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$466,318 42 

5.524 01 

2.525 00 


Bank stock, .... 
Loans on bank stock, 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Deposit in bank on interest, . 
Expense account, . . 


$192,444 42 

13,200 00 

6,150 00 

184,916 63 

43,659 64 

33,434 12 

562 62 




$474,367 43 


$474,367 43 



Loans on Bank Stock, amount on each : — 

On 93 shares Hampshire County National Bank, Northampton, . $9,300 00 

On 8 shares Northampton National Bank, Northampton, . . 800 00 

On 31 shares First National Bank, Northampton, .... 3,100 00 



Cash on Deposit in Bank : — 
Hampshire County National Bank, Northampton, 

Amount real estate held by foreclosure, . 
Estimated value of the same, .... 



,434 12 



$6,150 00 
6,150 00 



Whole amount of interest or profits received or earned, . . . $25,508 75 
Rate and amount of each semi-annual dividend ) 2£per cent., . ( 12,011 96 

for the previous year, ) 2| per cent., .( 11,636 26 

Times for the dividends fixed by the by-laws : May 15 and Nov. 15. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5 per cent. 
The total amount of loans, with each specified rate of interest: 

$341,776.27, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 156 

Aggregate amount of the same, 281,276 27 

Number of open accounts, 2,881 

Number and amount of deposits received for previous year, 634 93,424 44 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 64 33,786 64 

Number and amount of withdrawals, 901 125,112 65 

Number of accounts opened during the previous year, . . 222 
Number of accounts closed during the previous year, . . 178 
Amount of expenses of the corporation during previous year, . 1,400 02 

Amount x»f treasurer's bonds, 10,000 00 

Date of examination by commissioner: Oct. 3. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



129 



Bank Stock. 



Par Value. 



Hampshire County Nat'l B'k, North 

ampton, . . . , 
Northampton Nat'l Bank, North- 
ampton, .... 
First Nat'l Bank, Northampton, 
First Nat'l Bank, Easthampton, 
John Hancock Nat'l B'k, Springfield 
Chicopee Nat'l Bank, Springfield, 
Agawam Nat'l Bank, Springfield, 
Mechanics' Nat'l Bank, Worcester, 
First Nat'l Bank, Chicopee, 
Conway Nat'l Bank, Conway, . 
Ware Nat'l Bank, Ware, . 
Union Nat'l Bank, Weymouth, 
North Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Shawmut Nat'l Bank, Boston, . 
Hide and Leather Nat'l B'k, Boston 
Commerce Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Continental Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
North America Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Mount Vernon Nat'l Bank, Boston, 
Commonwealth Nat'l Bank, Boston 
Merchants' Nat'l Bank, Lowell, 
Atlantic Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Massachusetts Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Revere Nat'l Bank, Boston, 
Shoe and Leather Nat'l Bank,Boston 
Globe Nat'l Bank, Boston, 
Third Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Eleventh Ward Nat'l Bank, Boston 
Eagle Nat'l Bank, Boston, 
Manufacturers' Nat'l Bank, Boston 
Blackstone Nat'l Bank, Boston, 



$43,600 

7,800 
4,100 
9,000 
2,000 

500 

800 
2,500 
2,400 
1,300 
1,600 
1,300 
10,000 
3,300 
3,500 
3.200 
2,000 
4,200 
3,500 

800 
1,000 
3,500 

700 
4,000 
3,000 

900 
3,300 
3,600 

700 
1,500 
3,000 
2,200 
1,000 
4,800 
1,500 
5,000 
1,300 
1,200 
1,000 
2,200 



Estimated 
Market Value. 



$52,320 00 

9,750 00 

5,576 00 

11,700 00 

2,600 00 

800 00 
1,120 00 
3,500 00 
3,755 00 
1,508 00 
2,080 00 
1,495 00 
11,800 00 
3,661 00 
4,165 00 
3,552 00 
2,140 00 
4,704 00 
3,990 00 
1,032 00 
1,130 00 
3,745 00 

903 00 
4,400 00 
4,050 00 
1,236 00 
3,960 00 
3,960 00 

805 00 
1,815 00 
3,660 00 
2,476 00 
1,240 00 
4,800 00 
1,920 00 
7,000 00 
1,300 00 
1,284 00 
1,000 00 
2,200 00 



Amount Invested. 



$50,886 00 



11 

5 
11 

2 

1 
3 
3 
1 
2 
1 
12 
3 
4 
3 
2 
5 
4 
1 
1 



857 50 
488 00 
250 00 
490 00 
800 00 
088 00 
395 00 
755 00 
449 00 
072 00 
592 50 
661 00 
695 00 
477 50 
797 00 
505 00 
386 00 
030 00 
032 00 
147 50 
219 37 
896 00 
635 00 
260 00 
221 75 
902 75 
640 00 
906 00 
920 00 
870 00 
802 00 
436 25 
651 87 
100 93 
900 00 
465 00 
476 00 
040 00 
247 93 



17 



130 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HAVERHILL SAVINGS BANK — HAVERHILL. 

Incorporated 1829. Number of corporators, 20. 

John A. Appjleton, President. ■ Treasurer, Addison B. Jaques. 

Statement. 



Liabilities. 



Deposits, . 
Earnings, undi- 
vided. 
Guaranty fund, . 



$2,730,905 08 

11,614 88 
24,356 53 



$2,760,876 49 



Assets. 



Value on Books. 



Public funds, 

Loans on public funds, 

Bank stock, 

Loans on bank stock, 

Railroad bonds, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, 
Deposit in bank, 
Cash on hand, . 



$881,600 00 

400 00 

497,950 00 

19,800 00 

119,000 00 

1,157,525 00 

12,850 00 

42,000 00 

30,000 00 

5,751 49 



$2,766,876 49 



Loans on Public Funds, amount on each : — 
On United States bond, par value $1,000, $400 00 

Loans on Bank Stock, amount on each : — 
On 176 shares Essex National Bank, Haverhill, .... $15,800 00 
On 10 shares Merrimack National Bank, Haverhill; 15 shares Tre- 
mont National Bank, Boston; 7 shares Boston National Bank, 
Boston; 12 shares Haverhill National Bank, Haverhill, . . 4,000 00 



Cash on Deposit in Bank: — 
Haverhill National Bank, Haverhill, 



$30,000 00 



Whole amount of interest or profits received or earned, . . . $170,862 91 
Rate and amount of each semi-annual dividend ) 2h per cent., . < 67,654 10 

for the previous year, ) 1\ per cent., . ( 66,113 09 

Times for the dividends fixed by the by-laws : third Wednesday of 

April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : *l\ per cent. 
The total amount of loans, with each specified rate of interest: 

$15,000, 5 per cent. ; $1,215,375, 6 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 542 

Aggregate amount of the same, 753,025 00 

Number of open accounts, ...... 7,174 

Number and amount of deposits received for previous year, 3,221 226,544 00 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, : . . . . . 201 97,201 00 
Number and amount of withdrawals, .... 4,810 477,175 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



131 



Number of accounts opened during the previous year, . 666 

Number of accounts closed during the previous year, . 1,041 

Amount of expenses of the corporation during previous year, . $4,285 14 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Nov. 14. 



Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 


$280,000 


$293,525 00 


$280,000 00 


City and town bonds : — 








City of Boston, .... 


100,000 


102,000 00 


100,000 00 


of Haverhill, . 






95,500 


99,255 00 


95,500 00 


of Portsmouth, N.H. 


i 




56,500 


59,590 00 


56,500 00 


of Fall River, . 






57,000 


58,770 00 


57,000 00 


of Dover, N.H., 






46,300 


49,078 00 


46,300 00 


of Somerville, . 






20,000 


21,400 00 


20,000 00 


of Cambridge, . 






35,000 


38,500 00 


35,000 00 


of Nashua, N.H., 






35,000 


37,275 00 


35,000 00 


of Portland, Me., 






15,000 


15,900 00 


15,000 00 


of Lawrence, . 






28,000 


30,940 00 


28,000 00 


Town of Natick, 






20,000 


21,600 00 


20,000 00 


of Winthrop, . 






20,000 


23,000 00 


20,000 00 


City of Charlestown, 






20,000 


21,600 00 


20,000 00 


Town of Bradford, . 






13,000 


14,560 00 


13,000 00 


City of Rockland, Me., 






5,300 


5,300 00 


5,300 00 


of Manchester, N.H 


» 




5,000 


5,100 00 


5,000 00 


of Lynn, . 






10,000 


11,050 00 


10,000 00 


Town of Winchester, 






13,000 


13,260 00 


13,000 00 


City of Chelsea, 






4,000 


4,030 00 


4,000 00 


Bank Stock. 


Haverhill Nat'l Bank, Haverhill, . 


$37,500 


#50,625 00 


$37,500 00 


Merrimack Nat'l Bank, Haverhill, . 


27,500 


38,500 00 


27,500 00 


Essex Nat'l Bank, Haverhill, . 


16,700 


18,370 00 


16,700 00 


First Nat'l Bank, Haverhill, . 


13,000 


16,250 00 


13,000 00 


Methuen Nat'l Bank, Methuen, 


10,000 


11,500 00 


10,000 00 


First Nat'l Bank, Maiden, 


10,000 


11,000 00 


10,000 00 


Bay State Nat'l Bank, Lawrence, . 


3,750 


5,000 00 


3,750 00 


Andover Nat'l Bank, Andover, 


3,200 


3,840 00 


3,200 00 


Blackstone Nat'l Bank, Boston, 


20,00 


19,000 00 


20,000 00 


Boston Nat'l Bank, Boston, 


26,700 


23,763 00 


26,700 00 


Nat'l Bank of No. America, Boston, 


26,700 


26,700 00 


26,700 00 


Nat'l Bank of Redemption, Boston, . 


25,400 


30,480 00 


25,400 00 


Nat'l Bank of Republic, Boston, 


22,500 


28,012 50 


22,500 00 


Nat'l Hide and Leather Bank, Boston 


20,000 


20,200 00 


20,000 00 


Atlas Nat'l Bank, Boston, 


20,000 


22,000 00 


20,000 00 


Howard Nat'l Bank, Boston, . 


15,000 


15,600 00 


15,000 00 


Exchange Nat'l Bank, Boston, 


15,000 


20,250 00 


15,000 00 



132 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 



Par value. 



Estimated 
Market Value. 



Amount Invested. 



Shawmut Nat'l Bank, Boston, . 
North Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Nat'l City Bank, Boston, 
Faneuil Hall Nat'l Bank, Boston, 
Maverick Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
Continental Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
Shoe and Leather Nat'l B'k, Boston 
Hamilton Nat'l Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
First Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Third Nat'l Bank, Boston, 
Fourth Nat'l Bank, Boston, 
Manufacturers' Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, . 
Eliot Nat'l Bank, Boston, 
Central Nat'l Bank, Boston, . 



$15,000 

15,000 

15,000 

15,000 

10,000 

10,000 

10,000 

10,000 

10,000 

8,000 

7,500 

7,500 

5,000 

5,000 

5,000 

5,000 

5,000 

5,000 

10,000 

4,000 

3,000 

5,000 



£15,750 00 
16,875 00 
16,500 00 
16,050 00 
12,300 00 
14,000 00 

9,000 00 

8,600 

8,500 

8,240 

7,500 

7,650 

6,600 00 

4,900 00 

8,450 

5,500 

4,500 

4,000 

8,600 

3,800 

2,910 

4,150 



00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 



$15,000 00 

15,000 00 

15,000 00 

15,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000-00 

8,000 00 

7,500 00 

7,500 00 

5,000 00 

5,000 00 

5,000 

5,000 

5,000 

5,000 

10,000 00 

4,000 00 

3,000 00 

5,000 00 



00 
00 
00 
00 



Railroad Bonds. 



Boston and Maine Railroad bonds, . 


$75,000 


$87,000 00 


$75,000 00 


Eastern Railroad bonds, . 


26,000 


18,720 00 


13,000 00 


Old Colony Railroad bonds, 


15,000 


16,350 00 


15,000 00 


New Bedford and Taunton R.R. bonds, 


10,000 


10,150 00 


10,000 00 


West Amesbury Branch R.R. bonds, 


6,000 


6,600 00 


8,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



133 



HAYDENVILLE SAVINGS BANK* — HAYDENVILLE. 

Incorporated March 17, 1869. Number of corporators, 71. 
Elnathan Graves, President. Treasurer, B. S. Johnson. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$206,881 70 
5,163 14 
1,092 78 


Public funds, . . . . 
Bank stock, .... 
Railroad bonds, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

towns, 

Deposit in bank on interest, . 
Expense account, 
Cash on hand, . 


$32,730 00 
6,835 00 
5,737 50 

103,046 40 
56,488 32 

1,800 00 

6,245 22 

183 16 

72 02 


- 


$213,137 62 


$213,137 62 



Cash on Deposit in Bank: — 
First National Bank, Northampton, 



,245 22 



Whole amount of interest or profits received or earned, . . . $11,477 32 
Eate and amount of dividend for the previous year (no dividend in 

July), 2£ per cent., 5,525 32 

Times for the dividends fixed by the by-laws : second Tuesday of 

January and July. 
Average annual per cent, of dividends for the term ending at the # 

time of and including the last extra dividend : 6^ per cent. 
•The total amount of loans, with each specified rate of interest: 

$161,334.72, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . 182 

Aggregate amount of the same, 122,794 49 

Number of open accounts, 817 

Number and amount of deposits received for previous year, . 145 21,530 64 
Number and amount of deposits of and exceeding $300 at 

. any one time for the previous year, 19 10,330 97 

Number and amount of withdrawals, 195 43,769 02 

Number of accounts opened during the previous year, . . 42 
Number of accounts closed during the previous year, . . 66 
Amount of expenses of the corporation during previous year, . 2,855 50 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Oct. 2. 



1 Temporarily enjoined by decree of Supreme Judicial Court May 22, 1878. 



134 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 



_ Estimated 

Par Value. _ _ ! Amount Invested. 

Market Value. 



United States bonds, 6s, 1881, 

5-20s, 1865, . 



.$25,000 $27,031 25 I $26,625 00 
6,000 I 6,187 50 ; 6,105 00 



Bank Stock. 



Conway Nat'l Bank, Conway, . 



1,000 $6,960 00 



$6,835 00 



Railroad Bonds. 



Boston and Albany Railroad bonds, l $5,000 



55,900 00 $5,737 50 



1879.] 



PUBLIC DOCUMENT— No. 8. 



135 



HINGHAM INSTITUTION FOR SAVINGS — HINGHAM. 
Incorporated April 2, 1834. Number of corporators, 64. 



Daniel Bassett, President. 



Statement. 



Treasurer, Henry C. Harding. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,584,995 13 


Public funds, .... 


$134,500 00 


Earnings, undi- 




Loans on public funds, . 


500 00 


vided, 


14,849 85 


Bank stock, .... 


136,602 50 


Guaranty fund,- . 


8,083 44 


Loans on bank stock, 


850 00 


Suspense acc't, . 


1,840 38 


Railroad bonds, 


45,000 00 






Real estate, .... 


3,000 00 




— 


Real estate by foreclosure, 


88,839 27 






Loans on real estate, 


962,914 13 






Loans on personal security, . 


97,718 15 






Loans on railroad stock, . 


500 00 






Loans to counties, cities, or 








towns, 


42,000 00 






Deposits in banks on interest, 


86,187 72 






Expense account, 


2,699 30 






Cash on band and in banks, . 


8,457 73 




$1,609,768 80 


$1,609,768 80 



Loans on Public Funds, amount on each: — 
City of Worcester 6 per cent, bonds, . 

Loans on Bank Stock, amount on each : — 
On 15 shares Hingham National Bank, Hingham, 

Loans on Railroad Stock, amount on each: — 
On 6 shares Boston and Providence Railroad, . 

Amount invested in real estate, .... 
Estimated value of the same, .... 
Amount of real estate by foreclosure, 
Estimated value of the same, .... 

Cash on Deposit in Banks : — 
Hingham National Bank, Hingham, . 
Webster National Bank, Boston, 
New England Trust Company, Boston, 
National Shoe and Leather Bank, Boston, 

Whole amount of interest or profits received or earned, 

Rate and amount of each semi-annual dividend > 2-J per cent., 

for the previous year, ) 2 per cent., 

Times for the dividends fixed by the by-laws: first Tuesday of 

January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7| per cent. 
The total amount of loans, with each specified rate of interest : 

$65,000, 5 per cent. ; $569,807, 6 per cent. ; $71,200, 6i per cent. ; 

$370,115, 7 per cent. ; $4,850, 7 T 3 ¥ per cent. ; $12,410, 7£ per cent. ; 

$11,100, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 348 

Aggregate amount of .the same,-- . ,. ......... , .._ ....... 



$500 00 



$850 00 



$500 00 

$2,500 00 
3,000 00 

88,839 27 
88,839 27 



$3,879 18 

3,733 80 

46,079 98 

40,107 74 

$100,812 51 
( 40,357 84 
I 31,726 41 



-277,688 15 



136 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of open accounts, 3,609 

Number and amount of deposits received for previous year, . 851 
Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 73 

X umber, and amount of withdrawals, .... 1,786 

Number of accounts opened during the previous year, . . 203 
Number of accounts closed during the previous year, . . 333 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner: Sept. 17. 

Public Funds. 



$S1,691 71 

38,308 83 
215,548 30 



3,726 80 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 1881, 
" " 5-20s, 



$48,500 
83,500 



$52,380 00 
88,510 00 



,500 00 
86,000 00 



Bank 


Stock. 








Hingiiam Nat'l Bank, Hingham, 


$10,500 


$10,500 00 


$14,500 00 


Abington Nat'l Bank, Abington, 


1,500 


1,800 


00 


1,500 00 


Union Nat'l Bank, Weymouth, 


2,800 


2,800 


00 


2,800 CO 


Old Colony Nat'l Bank, Plymouth, . 


1,600 


2,000 


00 


1,600 00 


First Nat'l Bank, Chelsea, 


3.000 


3,000 


00 


3.000 00 


First Nat'l Bank, Boston, 


5,000 


8.450 


00 


5,000 00 


Merchants' Nat'l Bank, Boston, 


7,500 


9,375 


00 


7,500 00 


Union Nat'l Bank, Boston, 


5,000 


6.250 


00 


5,000 00 


State Nat'l Bank, Boston, 


2,600 


2,860 


00 


2,600 00 


Globe Nat'l Bank, Boston, 


4,000 


3,400 


00 


3,862 50 


Suffolk Nat'l Bank, Boston, . 


2,300 


2,530 


00 


2,300 00 


Market Nat'l Bank, Boston, . 


3,600 


3,240 


00 


3,600 00 


Republic Nat'l Bank, Boston, . 


7,500 


9,300 


00 


7,500 00 


Atlantic Nat'l Bank, Boston, . 


3,800 


4,750 


00 


3,800 00 


Eagle Nat'l Bank, Boston, 


11,000 


8,690 


00 


11,000 00 


New England Nat'l Bank, Boston, . 


2,000 


2,620 


00 


2,000 00 


City Nat'l Bank, Boston, 


3,200 


3,424 


00 


3,200 00 


Tremont Nat'l Bank, Boston, . 


8,000 


7,920 


00 


8.000 00 


Atlas Nat'l Bank, Boston, 


7,500 


8.250 


00 


7,500 00 


Commerce Nat'l Bank, Boston, 


11,000 


8,690 


00 


11,000 00 


Hamilton Nat'l Bank, Boston, 


4,200 


4,284 00 


4,200 00 


Shoe and Leather Nat'l B'k, Boston, 


5,000 


5,000 


00 


5,000 00 


Revere Nat'l Bank, Boston, 


11,200 


11,200 


00 


11,200 00 


North America Nat'l Bank, Boston, 


8,000 


8,000 


00 


8,000 00 


Webster Nat'l Bank, Boston, . 


6,000 


5,520 


00 


5,940 00 



Railroad Bonds. 



Boston and Lowell R.R. bonds, 


7s,. 


$10,000 


$11,400 00 


$10,000 00 


Boston and Maine R.R. bonds, 


7s, . 


10,000 1 


11,600 00 


10,000 00 


Boston and Albany R.R. bonds 


7s,. 


10,000 ! 


11,800 00 


10,000 00 


Old Colony Railroad bonds, 7s, 




10,000 ! 


11,100 00 


10,000 00 


Eastern Railroad bonds (new), 


• 


5,000 i 


3,600 00 


5,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



137 



HOLLISTON SAVINGS BANK — HOLLISTON. 

Incorporated Feb. 27, 1872. Number of corporators, 50. 
Seth Thayer, President. Treasurer, Orrin Thomson. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$277,633 77 


Public funds, .... 


$14,888 00 


Earnings, undivided, 


7,744 01 


Loans on public funds, . 


1,100 00 


Guaranty fund, 


1,500 00 


Bank stock, .... 


22,665 75 






Loans on bank stock, 


5,105 00 






Railroad bonds, 


4,000 00 






Real estate by foreclosure, 


4,550 00 






Loans on real estate, 


194,720 65 






Loans on personal security, . 


21,478 33 


■» 




Loans to counties, cities, or 








towns, 


7,000 00 






Deposits in banks, . 


6,988 64 






Expense account, 


2,082 65 






Cash on band, .... 


2,298 76 




$286,877 78 


$286,877 78 



Real estate held by foreclosure, $4,550 00 

Estimated value of the same, 5,000 00 



Loans on Public Funds, amount on each : — 
On United States bonds, and gold, par value $1,100, 



L,100 00 



Loans on Bank Stock, amount on each : — 
On 58 shares Holliston National Bank, Holliston, 



,105 00 



Cash on Deposit in Banks : — 
Holliston National Bank, Holliston, 



5,988 64 



Whole amount of interest or profits received or earned, . . . $17,027 78 
Rate and amount of each semi-annual dividend ) 2-£- per cent., . ( 6,518 68 

for the previous year, ) 2£ per cent., . ( 6,594 69 

Times for the dividends fixed by the by-laws : June and December. 
The total amount of loans, with each specified rate of interest: 

$1,200, 6 per cent. ; $228,203.98, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 208 

Aggregate amount of the same, 168,258 33 

Number of open accounts, 966 

Number and amount of deposits received for previous year, . 637 66,857 01 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 47 25,603 50 

Number and amount of withdrawals, 676 56,634 17 

18 



138 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of accounts opened during the previous year, . . 162 

Number of accounts closed during the previous year, . . 126 

Amount of expenses of the corporation during previous year, . . $1,300 00 

Amount of treasurer's bonds, ■ . 20,000 00 

Date of examination by commissioner: July 17. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 1867, 

" " " 4 per cent., 

City and town bonds : — 
Town of Holliston, . 
City of Worcester, . 



S3, 550) 
4,000 J 



3,000 
4,000 



$7,763 00 



3,000 00 
4,500 00 



,188 00 



3,000 00 
3,700 00 



Bank Stock. 



Holliston Nat'l Bank, Holliston, 


$11,900 


$14,280 00 


$14,205 00 


Traders' Nat'l Bank, Boston, . 


3,000 


2,700 00 


3,408 75 


State Nat'l Bank, Boston, 


400 


450 00 


442 00 


Franklin Nat'l Bank, Franklin, 


1,400 


1,600 00 


1,610 00 


Home Nat'l Bank, Brockton, . 


3,000 


3,000 00 


3,000 00 



Railroad Bonds. 



Eastern Railroad bonds, . . . 



$5,000 



$3,600 00 



,,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



139 



HOLYOKE SAVINGS BANK — HOLYOKE. 

Incorporated 1855. Number of corporators, 76. 
Joel Russell, President. Treasurer, R. B. Johnson. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, ' . 
Guaranty fund, . 


$1,016,594 95 

26,957 09 
8,000 00 


Public funds, 

Bank stock, 

Loans on bank stock, 

Loans on real estate, 

Loans on personal security, 

Expense account, 

Deposit in bank on interest, 

Premium, .... 

Cash on hand, . 




$171,000 00 

162,696 17 

3,000 00 

531,650 00 

102,540 00 

1,038 75 

53,179 99 

5,000 00 

21,447 13 




$1,051,552 04 


. 




$1,051,552 04 



Loans on Bank Stock, amount on each : 
On 80 shares Holyoke National Bank, 



5,000 00 



Cash on Deposit in Banks : — 
Holyoke National Bank, 
Commonwealth National Bank, Boston, 



$34,002 76 
19,177 23 



Whole amount of interest or profits received or earned, . . . $64,744 57 
Rate and amount of each semi-annual dividend > 2\ per cent., . j" 22,696 79 

for the previous year, ) 2\ per cent., . \ 22,847 33 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$7,000, 6£ per cent. ; $630,190, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 171 

Aggregate amount of the same, 200,125 00 

Number of open accounts, 3,206 

Number and amount of deposits received for previous year, 4,413 277,568 00 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 192 111,124 00 

Number and amount of withdrawals, .... 2,545 252,602 30 

Number of accounts opened during the previous year, . . 802 

Number of accounts closed during the previous year, . . 627 

Amount of expenses of the corporation during previous year, . 3,300 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Nov. 19. 



140 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 





Par "Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, -6s, . 
" " " 5s, . 
" " " currency 6s, . 


$130,000 
10,000 
10,000 


$140,400 00 
10,500 00 
12,100 00 


$130,000 00 
10,000 00 
10,000 00 


State bonds, Massachusetts 5s, 


17,000 


18,700 00 


17,000 00 


City of Boston registered bonds, 


4,000 


4,200 00 


4,000 00 



Bank Stock. 



Holyoke Nat'l Bank, Holyoke, 


$33,800 


$35,490 00 


$34,230 00 


Hadley Falls Nat'l Bank, Holyoke, . 


13,200 


18,480 00 


19,519 67 


Agawam Nat'l Bank, Springfield, . 


5,000 


6,000 00 


6,687 00 


First Nat'l Bank, Springfield, . 


5,700 


7,980 00 


6,988 09 


Second Nat'l Bank, Springfield, 


4,900 


8,330 00 


9,142 00 


Third Nat'l Bank, Springfield, 


13,500 


21,600 00 


20,678 41 


Chicopee Nat'l Bank, Springfield, . 


3,100 


4,650 00 


4,935 00 


John Hancock Nat'l B'k, Springfield, 


4,900 


6,125 00 


6,197 00 


First Nat'l Bank, Northampton, 


9,500 


12,825 00 


12,707 50 


Northampton Nat'l B'k, Northamp'n, 


7,600 


8,360 00 


11,670 00 


Hampshire Co. Nat'l B'k, Northamp'n, 


2,000 


2,400 00 


2,400 00 


First Nat'l Bank, Easthampton, 


4,200 


5,250 00 


4,910 00 


Railroad Nat'l Bank, Lowell, . 


3,400 


3,910 00 


4,128 00 


Townsend Nat'l Bank, Townsend, . 


6,100 


7,320 00 


8,213 00 


Shelburne Falls Nat'l Bank, Shel- 








burne Falls, ..... 


300 


375 00 


369 50 


Conway Nat'l Bank, Conway, . 


5,700 


6,555 00 


6,570 00 


First Nat'l Bank, Westfield, . 


400 


560 00 


412 00 


First Nat'l Bank, South Adams, 


2,200 


2,860 00 


2,800 00 


Pittsfield Nat'l Bank, Pittsfield, . 


100 


140 00 


139 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



141 



HOME SAVINGS BANK i — BOSTON. 

Incorporated 1869. Number of corporators, 44. 

Henry Smith, President. Treasurer, B. N. Bullock. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$3,106,487 07 


Public funds, .... 


$55,000 00 


Earnings, undi- 




Loans on public funds, . 


200 00 


vided, 


175,411 72 


Bank stock, .... 


440,050 94 


Guaranty fund, . 


10,000 00 


Loans on bank stock, 


21,850 00 






Real estate by foreclosure, 


154,250 00 






Loans on real estate, 


2,108,065 41 






Loans on personal security, . 


149,700 00 






Insurance account, . 


35 00 






Loans on railroad stock, . 


1,000 00 






Loans to counties, cities, or 










35,000 00 






Deposit in banks on interest, 


290,146 30 






Expense account, 


542 32 


^ 




Accrued interest, 


35,215 00 






Cash on hand, .... 


843 82 




$3,291,898 79 


$3,291,898 79 



Loans on Public Funds, amount on each.: — 
On United States bonds, par value $200, $200 00 

Loans on Bank Stock, amount on each: — 
On 100 shares Central National Bank, Boston, 
On 15 shares Boylston National Bank, Boston, 
On 7 shares Globe National Bank, Boston, 
On 50 shares Dedham National Bank, Dedham, 
On 19 shares Bristol County National Bank, Taunton; 4 shares 

Taunton National Bank, Taunton, 
On 10 shares Washington National Bank, Boston; Home Savings 

Bankbook, No. 13,729, $1,082.12, 

Loans on Railroad Stock, amount on each: — 
On 10 shares Boston and Providence Railroad, 

Amount of real estate held by foreclosure, 

Assessed value of the same, 

Cash on Deposit in Banks: — 
Maverick National Bank, Boston, 
Eliot National Bank, Boston, 
Central National Bank, Boston, . , . 
Townsend National Bank, Townsend, 
North America National Bank, Boston, 
Continental National Bank, Boston, . 
Broadway National Bank, Boston, . 

Whole amount of interest or profits received or earned, 
Rate and amount of each semi-annual dividend for previous year, 
Times for the dividends fixed by the by-laws : second Wednesday 
of April and October. 

1 Temporarily enjoined by decree of Supreme Judicial Court March 25, 1878. 



$9,350 00 


1,500 00 


750 00 


6,000 00 


2,000 00 


2,250 00 


$1,000 00 


$154,250 00 


133,000 00 


$76,000 00 


29,696 34 


69.449 96 


15,000 00 


50,000 00 


25,000 00 


25,000 00 


$184,104 66 


None. 



142 



BANK COMMISSIONERS' REPORT. 



[Jan. 



The total amount of loans, with each specified rate of interest: 
$31,000, 4 per cent.; $69,000, 5 per cent.; $393,305, 6 per cent.; 
$55,100, 6£ per cent. ; $1,063,680.41, 7 per cent. ; $10,600, 7^ per 
cent. ; $75,000, 7£ per cent. ; $140,900, 7| per cent. ; $477,230, 8 
per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 146 

Aggregate amount of the same, . . $287,605 00 

Number of open accounts, . . . . ... . 18,230 

Number and amount of deposits received for previous year, 2,666 
Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 87 

Number and amount of withdrawals, .... 5,687 

Number of accounts opened during the previous year, . .311 
Number of accounts closed during the previous year, . 1,718 

Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination bv commissioner: March 2. 



136,278 71 

47,346 87 
423,659 23 



19,519 02 
30,000 00 



Public Funds. 



Par Value. ! Estimated Amount Invested. 
Market Value. I 



United States bonds, 



850,000 ^54,000 00 : $55,000 00 



Bank 


Stock. 








Atlas Nat'l Bank, Boston, 


818,000 


819,800 00 


$20,700 00 


Blackstone Nat'l Bank, Boston, 


8,100 


7,695 


00 


8,856 00 


Boston Nat'l Bank, Boston, 


1,400 


1.246 


00 


1,332 00 


Central Nat'l Bank, Boston, . 


43,300 


36.047 


00 


43,300 00 


Columbian Nat'l Bank, Boston, 


4,000 


5,300 


00 


5,251 20 


Nat'l Bank of Commerce, Boston, . 


4,000 


3,160 


00 


4,240 00 


Eliot Nat'l Bank, Boston, 


5,200 


5,044 00 


5,616 00 


First Nat'l Bank, Boston, 


9,000 


15.232 


50 


16,650 00 


Freeman's Nat'l Bank, Boston, 


9,800 


8,869 


00 


10.584 00 


Hide and Leather Nat'l B'k, Boston, 


5,000 


.5,050 


00 


5,600 00 


Howard Nat'l Bank, Boston, . 


12,800 


13,312 


00 


13,908 87 


Hamilton Nat'l Bank, Boston, 


8,000 


8,160 


00 


9,440 00 


Market Nat'l Bank, Brighton, . 


14,300 


20,419 


00 


20.449 00 


Market Nat'l Bank, Boston, . 


15,000 


13,537 


00 


15.900 00 


Massachusetts Nat'l Bank, Boston, . 


5,000 


5,225 


00 


5,500 00 


Merchants' Nat'l Bank, Boston, 


10,000 


12,500 


00 


12.593 00 


New England Nat'l Bank, Boston, . 


20,000 


26,250 


00 


26,800 00 


North Nat'l Bank, Boston, 


20,000 


22,500 


00 


23,400 00 


Nat'l Bank of No. America, Boston, 


5,000 


5,000 


00 


5,400 00 


Nat'l Bank of Redemption, Boston, 


11,300 


13,560 


00 


14,690 00 


Nat'l Revere Bank, Boston, 


15,000 


15,000 


00 


16,800 00 


Nat'l Bank of Republic, Boston, 


'18,000 


22,410 


00 


22.564 87 


Shawmut Nat'l Bank, Boston, . 


18,000 


18,S55 


00 


21.240 00 


Second Nat'l Bank, Boston, 


40,000 


52,900 


00 


56,000 00 


Shoe and Leather Nat'l B'k, Boston, 


8,200 


8,220 


50 


9,676 00 


Suffolk Nat'l Bank, Boston, . 


4,000 


4,400 


00 


4,840 00 


Tremont Nat'l Bank, Boston, . 


18,200 


18,063 


50 


20,020 00 


Union Nat'l Bank, Boston, 


10,000 


12,500 


00 


13,600 00 


Webster Nat'l Bank, Boston, . 


5,000 


4,637 


50 


5,100 00 



1879.] 



PUBLIC DOCUMENT— No. 8. 



143 



HOOSAC SAYINGS BANK — NORTH ADAMS. 

Incorporated June 1, 1871. Number of corporators, 42. 

James E. Hunter, President. Treasurer, Austin Bond. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Bills payable, . 


$95,405 70 

4,486 19 

452 30 

16,000 00 


Bank stock, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Expense account, 

Furniture, 

Cash on hand, .... 


$13,372 00 

7,012 10 

72,923 04 

19,795 27 

512 53 

1,260 54 

1,468 71 




$116,344 19 


$116,344 19 



A.mount of real estate by foreclosure, 
Estimated value of the same, 



^6,687 73 
7,000 00 



Cash on Deposit in Bank : - 
In Berkshire National Bank, 



$1,269 62 



Whole amount of interest or profits received or earned, . . . $9,092 11 
Rate and amount of each semi-annual dividend ) 2\ per cent., . { k kia in 

for the previous year, > 2\ per cent., . i 

Times for the dividends fixed by the by-laws: June and December. 
The total amount of loans, with each specified rate of interest: 

$92,718.31, 7 t 3 q per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 99 

Aggregate amount of the same, 87,718 SI 

Number of open accounts, . 631 

Number and amount of deposits received for previous year, . 467 16,656 36 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 11 5,208 50 

Number and amount of withdrawals, 541 52,054 18 

Number of accounts opened during the previous year, . . 95 
Number of accounts closed during the previous year, . . 178 
Amount of expenses of the corporation during previous year, . 1,350 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Aug. 6. 



Bank Stock. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Adams Nat'l Bank, 




$13,375 00 



$13,372 00 



144 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HOPKLNTON SAVINGS BANK — HOPKLNTON. 

Incorporated March 23, 1867. Number of corporators, 29. 
A. A. Sweet, President. Treasurer, E. J. Jexks. 

Statement. 



Liabilities. 




Value on Books. 



Deposits, . . . $219,776 48 
Earnings, undivided, ■ 6,017 66 
Guaranty fund, . 2,119 41 



$227,913 58 



Bank stock, 

Loans on bank stock, 

Railroad bonds, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, .... 
Expense account, 
Deposit in bank on interest, 



$56,825 24 

200 00 

21,215 00 

106.447 27 

5,300 00 

32,993 75 

330 50 

4,601 82 

$227,913 58 



Loans on Bank Stock, amount on each : — 
On 2 shares Hopkinton National Bank, Hopkinton, 



$200 00 



Cash on Deposit in Bank: — 
Hopkinton National Bank, Hopkinton, 



$4,G01 S2 



Whole amount of interest or profits received or earned, . . . $11,909 42 
Bate and amount of each semi-annual dividend ) 2 per cent., . ( 4,210 SI 

for the previous year, ) 2 per cent., . ( 4,229 61 

Times for the dividends fixed by the by-laws : May and November. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : about 7 per cent. 
The total amount of loans, with each specified rate of interest : 

$15,000, 6 per cent. ; $10S,647.27, 6$ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 177 

Aggregate amount of the same, . 97,447 27 

Number of open accounts, 731 

Number and amount of deposits received for previous year, . 503 45.608 06 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 25 14,326 09 

Number and amount of withdrawals, 522 54,887 29 

Number of accounts opened during the previous year, . . 144 
Number of accounts closed during the previous year, . . 126 
Amount of expenses of corporation during previous year, about, 1,000 00 

Amount of treasurer's bonds, 5,000 00 

Date of examination by commissioner: July 17. 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



145 



Par Value. 



Estimated 
Market Value. 



Amount Invested . 



City bonds : — 
City of Portland, Me., 
of Belfast, Me., 
of Bangor, Me. , 
of Rockland, Me., 



$6,000 
2,500 
5,000 
2,000 



^6,420 00 
2,500 00 
5,375 00 
1,980 00 



£6,002 50 
2,581 25 
5,350 00 
2,060 00 



Bank 


Stock. 






North Nat'l Bank, Boston, 


$2,500 


$2,775 00 


$3,237 50 


Redemption Nat'l Bank, Boston, 


5,000 


6,000 00 


6,990 00 


Shawmut Nat'l Bank, Boston, . 


9,000 


9,270 00 


11,023 74 


Atlas Nat'l Bank, Boston, 


6,100 


6,732 00 


7,505 00 


Revere Nat'l Bank, Boston, 


5,000 


6,300 57 


7,505 00 


Atlantic Nat'l Bank, Boston, . 


5,000 


6,300 00 


6,832 50 


Everett Nat'l Bank, Boston, . 


2,500 


2,775 00 


2,975 00 


Republic Nat'l Bank, Boston, . 


1,500 


1,867 50 


1,980 00 


Continental Nat'l Bank, Boston, 


5,000 


4,000 00 


5,930 00 


Faneuil Hall Nat'l Bank, Boston, . 


1,500 


1,998 75 


1,965 00 


Hide and Leather Nat'l B'k, Boston, 


1,300 


1,319 50 


1,404 00 


Exchange Nat'l Bank, Boston, 


1,000 


1,347 50 


1,875 00 


Natick Nat'l Bank, Natick, 


500 


525 00 


500 00 



Railroad Bonds. 



Fitchburg and Worcester R.R. bonds, 


$2,000 


$2,000 00 


$2,020 00 


Old Colony Railroad bonds, 


8,000 


9,020 00 


8,535 00 


Boston and Maine Railroad bonds, . 


5,000 


5,800 00 


5,185 00 


Fitchburg Railroad bonds, 


3,000 


3,480 00 


3,375 00 


Boston, Clinton, and Fitchburg R.R. 








bonds, ...... 


2,000 


2,000 00 


2,100 00 



19 



146 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HUDSON SAVINGS BANK — HUDSON. 

Incorporated May, 1869. Number of corporators, 36. 
Francis Brighazsi, President. Treasurer, Francis D. Brighaat. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$190,898 84 


Public funds, .... 


$17,543 03 


Earnings, undivided, 


3,400 23 


Bank stock, .... 


6,106 00 


Guaranty fund, 


1,084 73 


Assessment on stock of Elev- 








enth Ward Bank, Boston . 


1,333 33 






Loans on bank stock, 


4.500 00 






Bailroad bonds, 


5,225 00 






Real estate bv foreclosure, 


800 00 






Loans on real estate. 


126.190 00 






Loans on personal security, . 


19,666 11 






Loans to counties, cities, or 








towns, 


10,000 00 






Taxes dne and unpaid, . 


94 25 






Cash on hand, .... 


3,926 08 




$195,383 80 j 


£195,383 80 



Loans on Bank Stock, amount on each : — 
On 37 shares Blackstone National Bank, Boston, 
On 40 shares Faneuil Hall National Bank, Boston, 

Cash on Deposit in Banks : — 
North National Bank, Boston, .... 
Wachusett National Bank, Fitchburg, 

Real estate held by foreclosure, .... 
Estimated value of the same, .... 



$2,500 00 


2,000 00 


$729 21 


2,251 07 


SS00 00 


800 00 



Whole amount of interest or profits received or earned, . . . $11,035 57 
Rate and amount of each semi-annual dividend > 1\ per cent., . $ 5,180 96 

for the previous year, \ 2-J per cent., . \ 4,775 15 

Times for the dividends fixed by the by-laws : third Wednesday of 

January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6 per cent. 
The total amount of loans, with each specified rate of interest: 

$3,700, 6 per cent.; $1,200, 6| per cent.; $47,630, 7 per cent.; 

$75,810, 7-J per cent. ; $2,350, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 159 

Aggregate amount of the same, 123,820 00 

Number of open accounts, 878 

Number and amount of deposits received for previous year, 395 22,567 00 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 14 6,111 00 

Number and amount of withdrawals, 48S 59,739 82 



1879.] 



PUBLIC DOCUMENT — No. 8. 



147 



Number of accounts opened during the previous year, . . 84 
Number of accounts closed during the previous year, . . 144 
Amount of expenses of the corporation during previous year, . $600 00 

Amount of treasurer's bonds, 40,000 00 

Date of examination by commissioner : Aug. 14. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 

Town bonds : — 
Town of Northampton, 
of Natick, 



112,000 



3,000 
2,000 



112,431 25 



3,300 00 
2,300 00 



112,658 75 



2,820 00 
2,064 28 



- 


Bank Stock. 






State Nat'l Bank, Boston, 


• 


$5,700 


$6,270 00 


$6,106 00 


Railroad Bonds. 


Eastern Railroad bonds, . 


• 


$5,000 


$3,600 00 


$5,225 00 



148 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HYDE PARK SAVINGS BANK i— HYDE PARK. 

Incorporated March 8, 1871. Number of corporators, 39. 

Isaac J. Brown, President. Treasurer, Heney S. Bunton. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$44,585 28 

1,894 09 

306 69 


Bank stock, .... 
Real estate by foreclosure, 
Loans on real estate, 
Deposit in banks on interest, . 
Expense account, 
Furniture and fixtures, . 
Cash on hand, .... 


$10,017 75 

8,565 09 

24,430 32 

2,064 18 

246 43 

1,100 00 

362 29 




$46,786 06 


$46,786 06 



Amount of real estate by foreclosure, 
Estimated value of the same, 



Cash on Deposit in Bank : — 
Commonwealth National Bank, Boston, 

Whole amount of interest or profits received or earned, . 

Rate and avnount of one semi-annual dividend for the previous 

year, 2| per cent, 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$9,180.32, 7 per cent. ; $15,250, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 23 

Aggregate amount of the same, 

Number of open accounts, 

Number and amount of deposits received for previous year, . 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, . . . . 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination bv commissioner : June 11. 



$8,565 09 
8,500 00 

$2,064 18 

$3,774 08 

1,339 07 



. 


24,430 32 


416 




261 


14,095 40 


6 


2,663 15 


549 


36,383 73 


61 




121 




. 


700 00 




10,000 00 



Bank 


Stock. 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Commerce Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
First Nat'l Bank, Newburyport, 


$3,000 

1,300 

700 

2,700 


$2,370 00 

1,183 00 

700 00 

3,186 00 


$3,738 75 

1,741 50 

882 00 

3,655 50 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued June 14, 1878, 



1879.] 



PUBLIC DOCUMENT— No. 8. 



149 



INSTITUTION FOR SAVINGS IN NEWBURYPORT AND ITS 
VICINITY — NEWBURYPORT. 

Incorporated Jan. 31, 1820. Number of corporators, 90. 

Edward S. Moseley, President. Treasurer, Richard Stone. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 


$4,063,614 72 

80,518 97 
47,500 00 


Loans on public funds, . 
Bank stock, . 
Loans on bank stock, 
Railroad bonds, ... 
Real estate, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

towns, 

Deposits in banks on interest, 
Accrued interest and taxes, . 
Cash on hand 


$1,130,965 00 

2,000 00 

996,525 60 

18,000 00 

176,375 00 

15,000 00 

184,430 11 

1,086,938 97 

284,302 00 

210,000 00 

20,757 19 

65,771 76 

568 06 




$4,191,633 69 


$4,191,633 69 



Loans on Public Funds, amount on each : 
On United States bonds, par value $2,000, 



$2,000 00 



Loans on Bank Stock, amount on each : — 
On 6 shares Mechanics' National Bank, Newburyport, 
On 18 shares First National Bank, Newburyport, . 
On 10 shares First National Bank, Amesbury, . 
On 153 shares First National Bank, Haverhill, . 



Amount invested in real estate, . 
Estimated value of the same, 
Amount of real estate by foreclosure, 
Estimated value of the same, 



Cash on Deposit in Bank: — 
First National Bank, Newburyport, 



$500 00 


1,600 00 


900 00 


15,000 00 


$15,000 00 


20,000 00 


184,430 11 


179,000 00 



$20,757 19 



Whole amount of interest or profits received or earned, . 
Rate and amount of semi-annual dividends ) 2 per cent., 

for the previous year, . . . . • ) 2 per cent., 
Times for the dividends fixed by the by-laws : fourth Wednesday 

of April and October. 
The total amount of loans, with each specified rate of interest: 

$105,000,5 per cent.; $115,000, 5i per cent.; $809,980.97,6 per 

$134,200, 6i per cent. ; $71,358, 7 per cent. ; $35,702, 7 t 3 q per cent. ; 

$120,000, 8 per cent. 



$305,407 69 



:{ 



168,993 94 



150 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . 372 

Aggregate amount of the same, . . $384,357 97 

Number of open accounts, 9,016 

Number and amount of deposits received for previous year, 1,830 225,923 58 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 11.2 59,643 57 

Number and amount of withdrawals, .... 7,590 1,220,059 40 
Number of accounts opened during the previous year, . . 499 • 

Number of accounts closed during the previous year, . 1,794 

Amount of expenses of the corporation during previous year, . 6,418 81 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Dec. 3. 



Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 


$300,000 


$318,118 00 


$317,200 00 


City and town bonds: — 








City of Charlestown, 6 per cent., 


35,000 


39,200 00 


33,600 00 


of Holyoke, . 6 " 


25,000 


27,250 00 


23,375 00 


of Lynn, 6 " 


75,000 


82,500 00 


74,000 00 


Town of Wakefield, 6 


11,000 


11,495 00 


10,642 50 


City of Springfield, 7 " 


40,000 


48,000 00 


40,000 00 


Town of Franklin, . 6 " 


15,000 


15,825 00 


15,000 00 


City of Nashua, N.H., 6 " 


50,000 


54,500 00 


47,500 00 


of Hartford, Conn., 6 " 


5,000 


5,500 00 


5,000 00 


Town of Groveland, 5 " 


17,000 


17,340 00 


17,000 00 


City of Concord, N.H., 6 " 


35,000 


38,150 00 


35,000 00 


of Newburyport, 5 " 


6,000 


6,150 00 


5,400 00 


of Newburyport, 6 " 


183,000 


200,385 00 


175,680 00 


of Lewiston, Me., 6 " 


10,000 


10,700 00 


10,000 00 


of VVorcester, . 7 " 


100,000 


102,500 00 


100,000 00 


of Worcester, . 5 " 


8,000 


8,240 00 


6,400 00 


of Bangor, Me., 7 " 


25,000 


25,875 00 


25,000 00 


of Bangor, Me., 6 u 


25,000 


25,500 00 


22,500 00 


of Lawrence, . 5^ " 


25,000 


26,000 00 


23,187 50 


of Bath, Me., . 6 " 


34,000 


34,680 00 


31,280 00 


Town of Melrose, . 7 " 


8,000 


9,440 00 


8,000 00 


City of Belfast, Me., 6 


50,000 


51,000 00 


45,000 00 


of Portland, Me., 6 " 


60,000 


63,000 00 


56,100 00 


Town of Concord, Vt., 6 " 


10,000 


4,100 00 


4,100 00 



Bank Stock. 



• 

Atlantic Nat'l Bank, Boston, . 


$12,200 


$15,341 00 


$13,420 00 


Atlas Nat'l Bank, Boston, 


75,000 


82,593 00 


79,500 00 


Blackstone Nat'l Bank, Boston, 


4,700 


4,230 00 


5,029 00 


Boston Nat'l Bank, Boston, 


3,700 


3,293 00 


3,811 00 


Old Boston Nat'l Bank, Boston, 


10,000 


12,200 00 


11,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Bank Stock — Concluded. 



151 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City Nat'l Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Commonwealth Nat'l Bank, Boston 
Eagle Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Exchange Nat'l Bank, Boston, 
Faneuil Hall Nat'l Bank, Boston, 
First Nat'l Bank, Boston, 
Freeman's Nat'l Bank. Boston, 
Globe Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, . 
Hide and Leather Nat'l Bank, Boston 
Howard Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, 
Massachusetts Nat'l Bank, Boston, 
Maverick Nat'l Bank, Boston, . 
Merchants' Nat'l Bank, Boston, 
New England Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Redemption Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, . 
Shawmut Nat'l Bank, Boston, 
Shoe and Leather Nat'l B'k, Boston 
State Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Union Nat'l Bank, Boston, 
Washington Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
Mechanics' Nat'l B'k, Newburyport, 
Merchants' Nat'l B'k, Newburyport, 
Ocean Nat'l Bank, Newburyport, . 
Gloucester Nat'l Bank, Gloucester, . 



$10,800 
30,000 
29,400 
25,000 
28,600 

7,400 
10,000 
24,000 
10,000 
27,000 
13,300 
15,000 
15,000 
26,700 
50,800 

8,250 
20,000 
17,300 
10,000 
30,200 

6,000 
25,800 
37,500 
48,000 
20,000 
40,000 

6,900 
22,500 
27,200 
45,000 
20,800 
35,300 
20,000 
21,500 
24,520 

5,250 

6,000 



$11,556 00 


39,750 


00 


23,226 


00 


22,312 


00 


29,422 


00 


7,128 


00 


13,475 00 


29,580 


00 


16,925 


00 


24,435 


00 


11,338 


00 


15,300 


00 


15,150 


00 


27,768 


00 


45,847 


00 


8,621 


00 


28,000 


00 


21,625 


00 


13,125 


00 


33,975 


00 


6,000 


00 


30,960 


00 


37,500 


00 


63,480 


00 


20,950 


00 


40,100 


00 


7,598 


00 


24,750 


00 


24,480 


00 


45,450 


00 


26,000 


00 


44,125 


00 


18,550 


00 


24,402 


00 


24,520 


00 


5,591 


00 


8,235 


00 



$11,340 00 
33,000 00 
31,458 00 
26,000 00 
29,744 00 

7,770 00 
12,000 00 
25,920 00 
13,000 00 
29,160 00 
14,364 00 
15,900 00 
15,000 00 
27,501 00 
52,832 00 

8,745 00 
22,200 00 
19,549 00 
11,300 00 
32,918 00 

6,180 00 
29,412 00 
39,750 00 
53,760 00 
21,000 00 
42,400 00 

6,900 
24,075 
28,560 
47,700 
23,504 
38,477 
20,600 00 
23,220 00 
26,481 60 

5,565 00 

6,480 00 



00 
00 
00 
00 
00 
00 



Railroad Bonds. 



Eastern Railroad bonds, . 

Boston and Albany Railroad bonds, 

Providence & Worcester R.R. bonds, 



$50,000 

37,000 

100,000 



$35,750 00 

43,660 00 

106,000 00 



$39,375 00 

37,000 00 

100,000 00 



152 



BANK COMMISSIONERS' REPORT. 



[Jan. 



INSTITUTION FOR SAVINGS IN ROXBURY AND ITS VICINITY — 

BOSTON. 

Incorporated Feb. 25, 1825. Number of corporators, 52. 

Moses H. Day, President. Treasurer, Edward Richards. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$2,310,099 67 


Public funds, .... 


$280,842 40 


Earnings, undi- 




Loans on public funds, . 


12,100 00 


vided, 


59,892 21 


Bank stock, .... 


183,139 97 


Guaranty fund, . 


17,500 00 


Loans on bank stock, 


2,700 00 






Railroad bonds, 


187,321 73 






Real estate, .... 


8,000 00 






Real estate by foreclosure, 


124,867 80 






Loans on real estate, 


1,099,609 07 






Loans on personal security, . 


367,237 02 






Loans to counties, cities, or 








towns, 


13,900 00 






Deposits in banks on interest, 


25,050 81 






Cask on band, including 








amount in bank not on inter- 










82,723 08 




$2,387,491 88 


$2,387,491 88 



Loans on Public Funds, amount on each: — 
On United States bonds, par value $12,100, 
On City of Roxbury note and bonds, $14,000, . 

Loans on Bank Stock, amount on each : — 
On 20 shares First National Bank, Danvers, 
On 15 shares Exchange National Bank, Boston, 



$12,100 00 
13,900 00 

$1,350 00 
1,350 00 



Cash on Deposit in Banks : — 
Rockland National Bank, Boston, 
Washington National Bank, Boston, 
Market National Bank, Boston, . 



Amount invested in real estate, . 
Estimated value of the same, 
Amount of real estate by foreclosure, 
Estimated value of the same, 



Whole amount of interest or profits received or earned, 
Rate and amount of each semi-annual dividend > 2 per cent., 

for the previous year, \ 2 per cent., 

Times for the dividends fixed by the by-laws : third Wednesday of 

April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend: 6| per cent. 
The total amount of loans, with each specified rate of interest: 

$54,000, 5 per cent. ; $382,060, 6 per cent. ; $272,611, 6£ per cent. ; 

$11,000, 6f per cent.; $829,342.89, 7 per cent.; $17,700, 7£ per 

cent. ; $40,700, Ifo per cent. ; $7,000, 8 per cent. 



$56,103 62 

50 81 

25,000 00 

$8,000 00 

38,000 00 

124,867 80 

130,000 00 

$156,560 02 
< 49,967 87 
( 44,859 60 



1879.] 



PUBLIC DOCUMENT — No. 8. 



153 



Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 77 

Aggregate amount of the same, $146,407 90 

Number of open accounts, 6,223 

Number and amount of deposits received for previous year, 4,013 263,093 23 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 222 115,300 00 

Number and amount of withdrawals, .... 7,140 966,186 79 

Number of accounts opened during the previous year, . . 762 

Number of accounts closed during the previous year, . 1,812 

Amount of expenses of the corporation during previous year, . 10,371 68 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner: June 24. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 6s, 1881, 



$63,000 
215,000 



$68,040 00 
223,600 00 



$59,467 40 
221,375 00 



Bank 


Stock. 






Market Nat'l Bank, Boston, . 


$2,500 


$2,250 00 


$2,500 00 


State Nat'l Bank, Boston, 


2,300 


2,550 00 


2,300 00 


North Nat'l Bank, Boston, 


25,700 


28,984 00 


25,680 47 


Atlas Nat'l Bank, Boston, 


6,000 


6,600 00 


6,000 00 


Commerce Nat'l Bank, Boston, 


2,000 


1,580 00 


2,000 00 


Atlantic Nat'l Bank, Boston, . 


5,000 


6,125 00 


5,000 00 


First Nat'l Bank, Boston, 


15,000 


15,000 00 


15,000 00 


Revere National Bank, Boston, 


20,000 


33,800 00 


20,000 00 


People's Nat'l Bank, Boston, . 


21,000 


29,610 00 


21,000 00 


Rockland Nat'l Bank, Boston, . 


17,300 


20,414 00 


19,430 00 


Washington Nat'l Bank, Boston, 


51,000 


63,750 00 


58,729 50 


Second Nat'l Bank, Boston, 


5,500 


7,260 00 


5,500 00 



Railroad Bonds. 



South Shore Railroad bonds, . 


$125,000 


$132,500 00 


$130,000 00 


Old Colony Railroad bonds, 


16,000 


17,760 00 


17,760 39 


Boston and Providence R.R. bonds, 


12,000 


13,614 67 


13,614 67 


Boston and Albany Railroad bonds, . 


17,000 


20,145 00 


19,240 42 


Boston and Maine Railroad bonds, . 


6,000 


6,960 00 


6,706 25 



20 



154 



BANK COMMISSIONERS' REPORT. 



[Jan. 



IPSWICH SAVINGS BANK — IPSWICH. 

Incorporated March 15, 1869. Number of corporators, 31. 
Joseph Boss, President. Treasurer, Theodore F. Cogswei/l. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$131,886 64 

2,743 17 

608 00 


Public funds 

Loans on public funds, . 
Bank stock, .... 
Beal estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Deposit in banks on interest, 
Expense account, 
Cash on hand, .... 


$12,231 34 

160 00 

31,206 00 

1,500 00 

73,590 93 

8,002 00 

7,075 00 

92 54 

1,380 00 




$135,237 81 


$135,237 81 



Cash on Deposit in Bank: — 
First National Bank, Salem, 



$7,075 00 



Loans on Public Funds, amount on each : — 
United States bonds 1881, par value $200, 



$160 00 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$1,500 00 
' 1,500 00 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2\ per cent., 

for the previous year, . . . . . \ 2i per cent. , 
Times for the dividends fixed by the by-laws : fourth Wednesday 

of January and July. 
The total amount of loans, with each specified rate of interest: 

$4,000, 6£ per cent. ; $36,892, 7 per cent. ; $40,860.93, 7^ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, ~ . ' . . 130 

Aggregate amount of the same 

Average annual per cent, of dividends for the term ending at 

time of and including the last extra dividend: 5 per cent. 

Number of open accounts, 746 

Number and amount of deposits received for previous year, . 476 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 27 

Number and amount of withdrawals, ..... 496 
Number of accounts opened during the previous year, . . 139 
Number of accounts closed during the previous year, . . 92 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: Dec. 23. 



$7,681 88 
2,891 66 
2,992 81 



81,752 93 



32,245 56 

13,085 00 
27,517 67 



426 69 
25,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



155 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 4£ per cent., 

City bonds : — 
City of Bangor, Me., 
of Bath, Me., . 



$10,000 



1,000 
1,000 



$10,400 00 



1,060 00 
1,030 00 



$10,362 50 



938 17 
930 67 



Bank Stock. 



Mercantile Nat'l Bank, Salem, 


$1,400 


$1,484 00 


$1,610 00 


Salem Nat'l Bank, Salem, 


1,500 


1,575 00 


1,755 00 


Naumkeag Nat'l Bank, Salem, 


1,900 


2,660 00 


2,830 00 


Exchange Nat'l Bank, Salem, . 


1,300 


1,417 00 


1,582 00 


Asiatic Nat'l Bank, Salem, 


690 


920 00 


1,005 00 


First Nat'l Bank, Salem, 


2,100 


2,289 00 


2,638 50 


Merchants' Nat'l Bank, Salem, 


1,800 


2,160 00 


2,471 50 


Nat'l Bank of Commerce, Boston, . 


600 


480 00 


721 50 


Revere Nat'l Bank, Boston, 


800 


800 00 


896 00 


Atlas Nat'l Bank, Boston, 


1,000 


1,100 00 


1,175 00 


Nat'l Bank of the Republic, Boston, 


2,500 


3,125 00 


3,263 75 


Globe Nat'l Bank, Boston, 


2,500 


2,125 00 


2,625 00 


Merchants' Nat'l Bank, Boston, 


3,000 


3,705 00 


4,194 75 


Union Nat'l Bank, Boston, 


2,400 


3,000 00 


3,816 00 


Second Nat'l Bank, Boston, . 


400 


532 00 


622 00 



156 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LAWRENCE SAYINGS BANK i — LAWRENCE. 

Incorporated March 7, 1868. Number of corporators, 81. 

Milton Bonney, President. Treasurer, William R. Spaulding. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$451,768 64 


Public funds, .... 


$25,000 00 


Earnings, undivided, 


20.597 97 


Bank stock, .... 


77,700 00 


Guaranty fund, 


2,399 61 


Loans on bank stock, 


1,500 00 






Railroad bonds. 


5,000 00 






Real estate by foreclosure, 


7,075 72 






Loans on real estate, 


330,097 81 






Loans on personal security, . 


10,969 45 






Expense account, 


798 60 






Premiums, 


12,882 36 






Cash on hand, .... 


3,742 28 


- 


8474,766 22 


$474,766 22 



Loans on Bank Stock, amount on each : — 
On 18 shares Pemberton National Bank, Lawrence, 



$1,500 00 



Cash on Deposit in Bank : — 
Pemberton National Bank, Lawrence, 



$2,983 80 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend \ 2-J per cent., 

for the previous year, )2 percent., 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest: 

$14,899, 6 per cent. ; $5,000, 6£ per cent. ; $322,668.26, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . . . . . . .298 

Aggregate amount of the same, 

Number of open accounts, 1,707 

Number and amount of deposits received for previous year, 1,097 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 25 

Number and amount of withdrawals, .... 1,143 

Number of accounts opened during the previous year, . . 186 
Number of accounts closed during the previous year, . . 235 
Amount of expenses of the corporation during previous year, . 

Amount of treasurer's bonds, 

Date of examination by commissioner : April 4. 



$30,578 60 

11,741 04 

8,933 48 



226,416 26 

69,897 99 

15,530 38 
107,866 35 



1,600 00 
10,000 00 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
Rxceeding ten per cent, each six months, was issued April 4, 1878. 



1879.] 



PUBLIC DOCUMENT— No. 8. 
Public Funds. 



15T 



United States bonds, 

City bonds : — 
City of Lawrence, . 



Par Value. 



$24,000 



1,000 



Estimated 
Market Value. 



$24,200 00 



1,100 00 



Amount Invested. 



$24,000 00 



1,000 00 



Bank Stock. 



North America Nat'l Bank, Boston, 


$2,300 


$2,300 00 


$2,300 00 


Market Nat'l Bank, Boston, . 


5,600 


5,110 00 


5,600 00 


Pemberton Nat'l Bank, Lawrence, . 


4,000 


5,200 00 


4,000 00 


Traders' Nat'l Bank, Boston, . 


2,100 


1,890 00 


2,100 00 


Howard Nat'l Bank, Boston, . 


1,500 


1,560 00 


1,500 00 


Nat'l Bank of Commerce, Boston, . 


3,600 


2,862 00 


3,600 00 


Webster Nat'l Bank, Boston, . 


8,900 


8,744 00 


8,900 00 


Fourth Nat'l Bank Boston, 


2,500 


2,100 00 


2,500 00 


City Nat'l Bank, Boston, 


1,000 


1,070 00 


1,000 00 


State Nat'l Bank, Boston, 


5,400 


5,980 00 


5,400 00 


Eliot Nat'l Bank, Boston, 


2,400 


2,328 00 


2,400 00 


Atlas Nat'l Bank, Boston, 


2,000 


2,202 00 


2,000 00 


Hide and Leather Nat'l B'k, Boston, 


10,300 


10,453 00 


10,300 00 


Eleventh Ward Nat'l Bank, Boston, 


5,000 


1,000 00 


5,000 00 


Blackstone Nat'l Bank, Boston, 


2,900 


2,755 00 


2,900 00 


Third Nat'l Bank, Boston, 


1,700 


1,581 00 


1,700 00 


First Ward Nat'l Bank, Boston, 


1,600 


1,312 00 


1,600 00 


Central Nat'l Bank, Boston, . 


5,500 


4,579 00 


5,500 00 


Tremont Nat'l Bank, Boston, . 


4,000 


3,970 00 


4,000 00 


Merchants' Nat'l Bank, Boston, 


2,000 


2,500 00 


2,000 00 


Commonwealth Nat'l Bank, Boston, 


2,700 


2,410 00 


2,700 00 


Lawrence Nat'l Bank, Lawrence, . 


700 


700 00 


700 00 



Railroad Bonds. 



Fitchbnrg Railroad bonds, 



$5,000 



$5,400 00 



$5,000 00 



158 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LEE SAVINGS BANK — LEE. 

Incorporated 1852. Number of corporators, 56. 
H. Garfield, President. Treasurer, John L. Kelbon. 

Statement. . 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$441,903 41 


Public funds, .... 


$65,000 00 


Earnings, undivided, 


10,072 83 


Loans on public funds, . 


400 00 


Guaranty fund, 


4,000 00 


Bank stock, .... 


54,480 00 






Loans on bank stock, 


2,100 00 






Real estate by foreclosure, 


3,171 56 






Loans on real estate, 


275,462 64 






Loans on personal security, . 


29,360 38 






Loans to counties, cities, or 








towns, 


20,000 00 






Expense account, 


642 01 






Deposit in bank, 


5,359 65 


- 


$455,976 24 


$455,976 24 



Loans on Public Funds, amount on each : 
On United States bonds, .... 



$400 00 



Loans on Bank Stock, amount on each. : — 
On 30 shares Lee National Bank, ..... 
On 5 shares Lee National Bank, with an additional name, 

Amount of real estate by foreclosure, .... 
Estimated value of the same, 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2^ per cent., 

for the previous year, y 2-J per cent., 

Times for the dividends fixed by the by-laws : June 1 and Dec. 1 

No extra dividend since 1867. 
The total amount of loans, with each specified rate of interest 

$1,800, 6 per cent. ; $5,000, 61 per cent. ; $320,523.02, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 260 

Aggregate amount of the same, 

Number of open accounts, 1,424 



$1,600 00 
500 00 

$3,171 56 
3,200 00 

$24,506 22 
11,208 03 
10,729 56 



Number and amount of deposits received for previous year, . 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, 

Number of accounts opened during the previous year, . 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: Sept. 30. 



741 

36 
895 
178 
232 



197,253 02 

54,850 42 

18,617 59 
96,283 29 



1,629 60 
10,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Public Funds. 



159 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 

City and town bonds : 
City of Boston, 

of Springfield, . 
Town of Sandisfield, 



$40,000 



5,000 
10,000 
10,000 



$41,800 00 



5,300 00 
11,500 00 

no sales. 



$40,000 00 



5,000 00 
10,000 00 
10,000 00 



Bank Stock. 



Lee Nat'l Bank, Lee, 
Adams Nat'l Bank, North Adams, 
First Nat'l Bank, Adams, 
Pittsfield- Nat'l Bank, Pittsfield, 
Housatonic Nat'l Bank, Stockbridge 
Eagle Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, . 
Commerce Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Hide and Leather Nat'l B'k, Boston 
Massachusetts Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
State Nat'l Bank, Boston, 
Commonwealth Nat'l Bank, Boston 



$12,880 
6,400 
2,600 
4,500 
4,200 
6,000 
1,800 
1,000 
2,500 
2,000 
2,900 
2,500 
2,200 
1,000 
1,000 
1,000 



$15,640 00 


8,000 


00 


3,120 


00 


6,000 


00 


6,720 00 


6,172 


50 


1,530 


00 


950 


00 


2,000 


00 


2,000 


00 


2,929 


00 


2,612 


00 


2,200 


00 


1,245 00 


1,107 


50 


980 


00 



$12,880 00 
6,400 00 
2,600 00 
4,500 00 
4,200 00 
6,000 00 
1,800 00 
1,000 
2,500 
2,000 
2,900 
2,500 
2,200 
1,000 
1,000 
1,000 



00 
00 
00 
00 
00 
00 
00 
00 
00 



160 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LEICESTER SAYINGS BANK — LEICESTER. 

Incorporated 1869. Number of corporators, 32. 

Cheney Hatch, President. Treasurer, D. E. Merriam. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$279,082 53 


Public funds 


$74,500 00 


Earnings, undivided, 


5,392 06 


Loans on public funds, 


1,000 00 


Guaranty fund, 


2,764 26 


Bank stock, .... 


49,849 12 






Loans on bank stock, 


1,000 00 


, 




Railroad bonds, 


3,030 00 






Real estate, 


500 00 






Loans on real estate, 


128,785 38 






Loans on personal security, . 


13,909 00 






Loans to counties, cities, or 








towns, 


3,850 00 






Expense account, 


2 40 






Premium account, . 


6,816 84 






Cash on hand, .... 


3,996 11 


» 


§287,238 85 


$287,238 85 



Loans on Bank Stock, amount on each: — 
On 10 shares Leicester National Bank, Leicester, 

Loans on Public Funds, amount on each : — 
"On United States bonds, par value $1,000, 

Amount of real estate by foreclosure, 
Estimated value of the same, .... 



$1,000 00 



$1,000 00 

$500 00 
600 00 



Whole amount of interest or profits received or earned, . . . $14,775 26 
Rate and amount of each semi-annual dividend ) 2-£ per cent., . ( 6,791 96 

for the previous year, ) 2£ per cent., . i 5,454 03 

Times for the dividends fixed by the by-laws : June 1 and Dec. 1. 
The total amount of loans, with each specified rate of interest: 

$3,000, 4 per cent. ; $1,000, 5 per cent.; $115,450.38, 6 per cent.; 

$68,359, 7 per cent. ; $835, 7£ per cent. ; $29,900, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 116 

Aggregate amount of the same, 107,619 00 

Number of open accounts, . 616 

Number and amount of deposits received for previous year, . 281 27,577 03 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 25 14,371 00 

Number and amount of withdrawals, 284 38,811 65 

Number of accounts opened during the previous year, . . 85 
Number of accounts closed during the previous year, . . 60 
Amount of expenses of the corporation during previous year, . 1,025 00 

Amount of treasurer's bonds, . 10,000 00 

Date of examination by commissioner: Sept. 23. 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



161 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 6s 1865, . 


$20,500 


$22,4 15 00 


$20,500 00 


City and town bonds : — 








City of Worcester 6s, 


12,000 


13,500 00 


12,000 00 


of Chelsea 6s, . 


. . 


8,000 


8,880 00 


8,000 00 


of Lynn 6s, 


> . . 


9,000 


9,855 00 


9,000 00 


of Fall River 6s, 


. . 


4,000 


4,105 00 


4,000 00 


of Springfield 7s, 


. 


2,000 


2,260 00 


2,000 00 


Town of Natick 7s, . 


. . 


9,000 


9,900 00 


9,000 00 


City of Providence, . 


• 


10,000 


10,100 00 


10,000 00 



Bank Stock. 



State Nat'l Bank, Boston, 


$5,000 


$5,500 00 


$5,397 50 


North Nat'l Bank, Boston, 


2,000 


2,250 00 


2,425 00 


Commonwealth Nat'l Bank, Boston, 


1,000 


950 00 


1,100 00 


Hide and Leather Nat'l Bk, Boston, 


5,000 


5,100 00 


5,954 40 


Eliot Nat'l Bank, Boston, 


3,000 


2,880 00 


3,610 00 


Webster Nat'l Bank, Boston, . 


3,000 


2,782 50 


3,162 50 


North America Nat'l Bank, Boston, 


1,200 


1,176 00 


1,346 00 


Maverick Nat'l Bank, Boston, . 


1,000 


1,402 50 


1,178 75 


Market Nat'l Bank, Boston, . 


1,500 


1,353 75 


1,815 40 


Continental Nat'l Bank, Boston, 


1,000 


850 00 


1,150 00 


Revere Nat'l Bank, Boston, 


1,500 


1,485 00 


1,925 00 


Traders' Nat'l Bank, Boston, . 


2,500 


2,250 00 


2,612 50 


Howard Nat'l Bank, Boston, . 


2,500 


2,600 00 


2,635 00 


Central Nat'l Bank, Worcester, 


2,500 


3,250 00 


3,525 00 


Millbury Nat'l Bank, Millbury, 


1,100 


1,210 00 


1,314 50 


Leicester Nat'l Bank, Leicester, 


8,700 


9,570 00 


10,697 57 



Railroad Bonds. 



Eastern Railroad bonds, . 




$2,160 00 



$3,030 00 



21 



162 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LEOMINSTER SAVINGS BANK — LEOMINSTER. 

Incorporated 1865. Number of corporators, 35. 

Leonard Burrage, President. Treasurer, A. L. Burditt. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$519,807 28 


Public funds, .... 


$2,427 50 


Earnings, undivided, 


5,272 21 


Loans on public funds, . 


600 00 


Guaranty fund, 


3,000 00 


Bank stock, .... 


52,671 00 






Loans on bank stock, 


11,120 00 






Real estate by foreclosure, 


13,150 00 






Loans on real estate, 


348,285 00 






Loans on personal security, . 


78,850 00 






Loans to cities and towns, 


5,000 00 






Insurance account, . 


55 25 






Expense account, 


58 78 






Cash on hand, .... 


15,861 96 




$528,079 49 


$528,079 49 



Loans on Public Funds, amount on eacb : — 
On United States bonds, par value $600, . 



$600 00 



Loans on Bank Stock, amount on each. : — 
On 124 shares First National Bank, Leominster, 



. $11,120 00 



Real estate by foreclosure, $13,150 00 

Estimated value of the same, 13,150 00 



Whole amount of interest or profits received or earned, . . . $36,321 69 
Rate and amount of each semi-annual dividend > 2£ per cent., . ( 12,980 35 

for the previous year, ) 2J per cent., . ( 12,957 50 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6 per cent. 
The total amount of loans, with each specified rate of interest : 

$5,000, 5 per cent. ; $12,250, 6 per cent. ; $27,500, 6£ per cent. ; 

$399,105, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding'$3,000 each, . . 375 

Aggregate amount of the same, 300,430 00 

Number of open accounts, 1,669 

Number and amount of deposits received for previous year, . 836 73,869 26 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, .68 40,193 55 

Number and amount of withdrawals, .... 1,158 116,865 64 



1879.] 



PUBLIC DOCUMENT — No. 8. 



163 



Number of accounts opened during the previous year, . . 267 
Number of accounts closed during the previous year, . . 276 
Amount of expenses of the corporation during previous year, . 

Amount of treasurer's bonds, 

Date of examination by commissioner: Nov. 13. 



$1,997 76 
40,000 00 



Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 



$2,000 



$2,127 50 



$2,427 50 



Bank Stock. 



Webster JSTat'l Bank, Boston, . 
Boston Nat'l Bank, Boston, 
First Nat'l Bank, Leominster, . 




$7,724 00 

6,625 00 

38,322 00 



164 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LOWELL FIVE CENTS SAVINGS BANK — LOWELL. 

Incorporated 1864. Number of corporators, 108. 
Horatio Wood, President. Treasurer, Artemas S. Tyler. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$2,479,607 92 


Public funds, .... 


$82,975 00 


Earnings, undi- 




Bank stock, .... 


455,930 00 


vided, 


8,492 78 


Loans on bank stock, 


2,500 00 


Guaranty fund, . 


14,324 90 


Heal estate, .... 


89,996 86 






Real estate by foreclosure, 


43,000 00 






Loans on real estate, 


1,410,615 00 






Loans on personal security, . 


228,640 00 






Loans to counties, cities, or 








towns, . . 


70,000 00 






Deposit in banks, 


91,094 47 






Expense account, 


3,300 55 






Insurance and taxes ; 


13,447 27 






Furniture and fixtures, . 


9,036 48 






Cash on hand, .... 


1,889 97 




$2,502,425 60 


$2,502,425 60 



Loans on Bank Stock, amount on each : — 

On 20 shares Prescott National Bank, Lowell, $2,000 00 

On 12 shares Appleton National Bank, Lowell, .... 500 00 

Cash on Deposit in Banks : — 

Presctt National Bank, Lowell, $16,657 30 

Commonwealth National Bank, Boston, 74,437 17 

Amount invested in real estate, $89,996 86 

Estimated value of the same, 75,000 00 

Amount real estate by foreclosure, $43,000 00 

Estimated value of the same, 41,000 00 

Whole amount of interest or profits received or earned, . . . $115,241 84 
Bate and amount of each semi-annual dividend / 2 per cent., . ( 55,769 16 

for the previous year, ) 2 per cent., . ( 52,048 70 

Times for the dividends fixed by the by-laws: first Saturday of 

January and July. 
Average annual per cent, of dividends for the term ending at the 

time of, and including the last extra dividend : 4| per cent. 
The total amount of loans, with each specified rate of interest : 

$571,840, 6 per cent. ; $155,700, 6£ per cent. ; $629,525, 7 per cent. ; 

$151,150, 7£ per cent. ; $172,050, 1^ per cent. ; $73,750, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . .81 

Aggregate amount of the same, 126,325 00 

Number of open accounts, 10,127 

Number and amount of deposits received for previous year, 5,593 338,953 85 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 140 71,848 81 

Number and amount of withdrawals, .... 6,275 844;853 04 



1879.] 



PUBLIC DOCUMENT — No. 8. 



165 



Number of accounts opened during the previous year, . 1,201 

Number of accounts closed during the previous year, . 2,311 
Amount of expenses of the corporation during previous year, . $9,383 44 

Amount of treasurer's bonds, 30,000 00 

Date of examination by commissioner : Sept. 5. 

Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City and town bonds : — 








City of Cambridge, .... 


$15,000 


$16,200 00 


$15,000 00 


of Charlestown, 


10,000 


10,850 00 


10,000 00 


of Lawrence, .... 


20,000 


20,850 00 


20,000 00 


of Lowell, .... 


35,000 


38,675 00 


32,975 00 


Town of Plymouth, .... 


5,000 


5,400 00 


5,000 00 



Bank Stock. 



Atlas Nat'l Bank, Boston, 
Atlantic Nat'l Bank, Boston, . 
Blackstone Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Bunker Hill Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Commonwealth Nat'l Bank, Boston 
Columbian Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
First Ward Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston 
Howard Nat'l Bank, Boston, . 
Hamilton Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Mechanics' Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Redemption Nat'l Bank, Boston, 
Eepublic Nat'l Bank, Boston, . 
Revere Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, . 
Shoe and Leather Nat'l B'k, Boston 
Suffolk Nat'l Bank, Boston, . 
State Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Union Nat'l Bank, Boston, 
Washington Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
First Nat'l Bank, Lowell, 
Merchants' Nat'l Bank, Lowell, 
Railroad Nat'l Bank, Lowell, . 
Prescott Nat'l Bank, Lowell, . 
Old Lowell Nat'l Bank, Lowell, 



$20,000 

8,500 

22,500 

3,000 

1,300 

10,000 

10,000 

15,000 

10,000 

15,000 

1,900 

3,800 

15,000 

20,000 

15,000 

10,000 

5,000 

2,700 

12,000 

13,000 

15,000 

15,000 

15,000 

20,000 

5,000 

13,100 

5,000 

10,000 

10,000 

10,000 

3,300 

5,000 

8,500 

3,500 

15,000 

13,500 

8,300 



00 
00 
25 
00 
00 



$22,025 00 
10,688 75 
21,375 

3,120 

1,966 

8,500 

8,925 
19,875 00 

9,700 00 
15,431 25 

1,477 25 

3,439 00 
12,787 00 
20,200 00 
15,600 00 
10,200 00 

4,512 50 

3,098 25 
13,500 00 
13,910 00 
18,000 00 
18,675 00 
15,000 00 
20,950 00 

5,012 50 
14,410 00 

5,506 25 
13,225 00 
11,000 00 
12,500 00 

4,125 00 

4,637 50 
11,475 00 

3,850 00 
16,237 50 
16,200 00 

9,711 00 



122,800 00 

11,537 50 

27,000 00 

4,258 00 

1,625 00 

10,000 00 

10,000 00 

19,050 00 

10,000 00 

17,100 00 

1,704 25 

4,957 25 

18,750 00 

20,000 00 

15,145 00 

12,600 00 

5,000 00 

3,240 00 

14,040 00 

13,910 00 

20,100 00 

15,000 00 

15,000 00 

24,600 00 

6,900 00 

16,367 50 

5,230 00 

14,700 00 

12,225 00 

14,700 00 

4,569 00 

5,000 00 

11,305 00 

3,540 00 

16,200 00 

16,806 00 

10,970 50 



166 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LOWELL INSTITUTION FOR SAVINGS — LOWELL. 

Incorporated 1829. Number of corporators, 64. 
Theodore Edson, President. Treasurer, George J. Carney. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 


$2,546,341 75 

23,270 83 
23,792 64 


Public funds, . . . . 

Bank stock, . . . . 

Loans on bank stock, 

Real estate, .... 

Loans on real estate, 

Loans to counties, cities, or 

towns, 

Deposits in banks on interest, 


$465,000 00 

327,700 00 

4,500 00 

20,334 06 

499,987 88 

1,228,500 00 
47,383 28 




$2,593,405 22 


$2,593,405 22 



Loans on Bank Stock, amount on each : — 
On 50 shares Prescott National Bank, Lowell, . 



$4,500 00 



Cash on Deposit in Banks : — 

Prescott National Bank, Lowell, $3,000 00 

First National Bank, Lowell, 44,383 28 

Amount invested in real estate, $20,334 06 

Estimated value of the same, 20,334 06 



Whole amount of interest or profits received or earned, . . . $156,181 14 
Rate and amount of each semi-annual dividend > 2 per cent., . . ( 45,567 38 

for the previous year, . . . . • ) 2 per cent. , . . ( 46,890 03 
Times for the dividends fixed by the by-laws : May and November. 
The total amount of loans, with each specified rate of interest: 

$40,500, 5 per cent.; $75,000, 5£ per cent.; $829,737.88, 6 per 

cent. ; $4,000, 6| per cent. ; $200,000, 6£ per cent. ; $229,000, 6 T % 

per cent. ; $354,750, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 41 

Aggregate amount of the same, 68,300 00 

Number of open accounts, 6,348 

Number and amount of deposits received for previous year, 15,887 530,704 26 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 439 233,218 00 

Number and amount of withdrawals, .... 4,068 396,949 39 

Number of accounts opened during the previous year, . 1,298 

Number of accounts closed during the previous year, . . 809 

Amount of expenses of the corporation during previous year, . 5,460 00 

Amount of treasurer's bonds, . 20,000 00 

Date of examination by commissioner : July 25. 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



167 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 6s 1881, . 
" " " 5 per ct., 1881, 


$375,000 
90,000 


$405,000 00 
94,387 50 


$375,000 00 
90,000 00 



Bank Stock. 



Boylston Nat'l Bank, Boston, . 


$17,500 


$18,200 00 


$17,500 00 


Second Nat'l Bank, Boston, . 


47,300 


62,436 00 


47,300 00 


Columbian Nat'l Bank, Boston, 


17,900 


23,717 50 


17,900 00 


New England Nat'l Bank, Boston, . 


16,100 


20,930 00 


16,100 00 


Union Nat'l Bank, Boston, 


500 


600 00 


500 00 


Merchants' Nat'l Bank, Boston, 


34,100 


42,625 00 


34,100 00 


Tremont Nat'l Bank, Boston, . 


7,600 


7,524 00 


7,600 00 


Republic Nat'l Bank, Boston, . 


24,500 


30,380 00 


24,500 00 


Mount Yernon Nat'l Bank, Boston, . 


500 


450 00 


500 00 


Freeman's Nat'l Bank, Boston, 


3,600 


2,832 00 


3,600 00 


Eagle Nat'l Bank, Boston, 


45,000 


45,000 00 


45,000 00 


Atlas Nat'l Bank, Boston, 


15,000 


16,500 00 


15,000 00 


Railroad Nat'l Bank, Lowell, . 


26,000 


28,340 00 


26,000 00 


First Nat'l Bank, Lowell, 


13,900 


20,155 00 


13,900 00 


Hamilton Nat'l Bank, Boston, 


55,000 


55,000 00 


55,000 00 


Washington Nat'l Bank, Boston, 


3,200 


4,000 00 


3,200 00 



168 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LYNN FIVE CENTS SAYINGS BANK — LYNN. 

Incorporated 1855. Number of corporators, 57. 
Thomas B. Newhall, President. Treasurer, Benjamin Y. French. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,330,513 70 


Public funds, .... 


$155,754 81 


Earnings, undi- 




Bank stock, .... 


367,146 47 


vided, 


49,874 26 


Loans on bank stock, 


9,100 00 


Guaranty fund, . 


8,500 00 


Railroad bonds, 


9,983 65 






Real estate, .... 


49,029 99 






Real estate bv foreclosure, 


16,300 00 






Loans on real estate, 


596,579 54 






Loans on personal security, . 


11,500 00 






Loans to counties, cities, or 


• 






towns, 


37,500 00 






Deposit in banks on interest, . 


128,385 50 






Expense account, 


1,103 91 






Cash on hand, . . . 


6,504 09 


* 


$1,388,887 96 


$1,388,887 96 



Loans on Bank Stock, amount on each : — 
On 120 shares National City Bank, Lynn, and 5 shares National 

Exchange Bank, Boston, 

On 4 shares People's National Bank, Boston, 

Cash on Deposit in Banks : — 
National City Bank, Lynn, . . . . 
Maverick National Bank, Boston, 
Shoe and Leather National Bank, Boston, 
Blackstone National Bank, Boston, . 



$6,700 00 
400 00 



Amount invested in real estate, . 
Estimated value of the same, 
Amount of real estate by foreclosure, 
Estimated value of the same, 



Whole amount of interest or profits received or earned, 

Rate and amount of each semi-annual dividend ) 2| per cent., 

for the previous year, ) 2 per cent., 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest 

$18,700, 5 per cent. ; $1,200, 5i per cent. ; $146,475, 6 per cent. ; 

$108,600, Qi per cent. ; $262,194.54, 7 per cent. ; $30,750, 7^ per 

cent. ; $99,480, 7£ per cent. ; $7,880, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 321 

Aggregate amount of the same, 

Number of open accounts, 7,406 

Number and amount of deposits received for previous year, 4,861 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 123 



,385 50 
25,000 00 
20,000 00 
20,000 00 

$49,029 99 
40,000 00 
16,300 00 
15,500 00 

£104,552 06 
39,954 04 
26,929 60 



335,099 54 

194,255 19 

59,565 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



169 



Number and amount of withdrawals, .... 6,688 $623,612 60 

Number of accounts opened during the previous year, . . 856 

Number of accounts closed during the previous year, . 1,751 

Amount of expenses of the corporation during previous year, . 5,381 98 

Amount of treasurer's bonds, 15,000 00 

Date of examination by commissioner: Nov. 21. 



Public 


Funds. 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States currency bonds, 6s, . 
" " bonds, 4^s, 


$50,000 
50,000 


$60,000 00 
52,000 00 


$43,127 04 
52,040 17 


State bonds, Maine 6s, . 


7,000 


7,910 00 


7,000 00 


City and town bonds: — 

City of Lynn, 

of Chelsea, .... 
of Somerville, . 
Town of Plymouth, .... 
of Brookline, .... 


5,000 

2,000 

10,000 

26,000 

10,000 


5,400 00 

2,200 00 

10,900 00 

29,120 00 

12,000 00 


5,000 00 

2,000 00 

10,000 00 

26,587 60 

10,000 00 



Bank 


Stock. 






Nat'l City Bank, Lynn, . 


$34,800 


$45,240 00 


$44,322 50 


Central Nat'l Bank, Lynn, 


8,700 


11,310 00 


11,071 97 


First Nat'l Bank, Lynn, . 


3,400 


3,740 00 


3,980 00 


North Nat'l Bank, Boston, 


3,000 


3,300 00 


4,150 25 


Exchange Nat'l Bank, Boston, 


47,000 


62,980 00 


72,440 37 


First Nat'l Bank, Boston, 


23,500 


39,715 00 


41,576 75 


Globe Nat'l Bank, Boston, 


8,800 


7,480 00 


11,500 00 


Redemption Nat'l Bank, Boston, 


25,300 


30,360 00 


34,000 00 


Hide and Leather Nat'l B'k, Boston, 


700 


707 00 


682 50 


Revere Nat'l Bank, Boston, 


6,900 


6,900 00 


7,031 63 


Freeman's Nat'l Bank, Boston, 


2,500 


2,250 00 


2,500 00 


Shoe and Leather Nat'l Bank, Boston 


1,500 


1,500 00 


1,500 00 


Continental Nat'l Bank, Boston, 


20,400 


17,340 00 


26,054 00 


Traders' Nat'l Bank, Boston, . 


13,000 


11,700 00 


13,649 00 


Boylston Nat'l Bank, Boston, . 


1,400 


1,456 00 


1,900 00 


Columbian Nat'l Bank, Boston, 


1,700 


2,244 00 


2,450 00 


Union Nat'l Bank, Boston, 


12,700 


15,875 00 


18,000 00 


Blackstone Nat'l Bank, Boston, 


5,600 


5,320 00 


7,512 50 


Merchants' Nat'l Bank, Boston, 


13,000 


16,250 00 


19,325 00 


Republic Nat'l Bank, Boston, . 


3,000 


3,700 00 


4,000 00 


Tremont Nat'l Bank, Boston, . 


12,700 


12,573 00 


17,000 00 


Commonwealth Nat'l Bank, Boston, 


5,000 


4,500 00 


5,000 00 


Georgetown Nat'l B'k, Georgetown, 


10,000 


9,500 00 


10,000 00 


Merchandise Nat'l Bank, Boston, . 


7,500 


6,825 00 


7,500 00 



Railroad Bonds. 



Eastern Railroad bonds, . 




1,983 65 



22 



170 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LYNN INSTITUTION FOR SAVINGS — LYNN. 

Incorporated 1826. Number of corporators, 63. 

Philip A. Chase, President. Treasurer, D. H. Sweetser. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, 
Earnings, undi- 
vided, 
Guaranty fund, 


$1,609,359 40 

61,789 30 
21,000 00 


Public funds, .... 
Loans on public funds, . 
Bank stock, .... 
Loans on bank stock, 
Railroad bonds, . . 
Real estate, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

Deposits in banks on interest, 

Cash on band, .... 


$318,993 33 

3,400 00 

253,606 00 

11,150 00 

19,700 00 

60,000 00 

3,636 41 

774,980 00 

12,600 00 

63,428 00 

160,519 20 

639 84 

9,495 92 




$1,692,148 70 


$1,692,148 70 



Loans on Public Funds, amount on each : 
On United States bonds, par value $3,500 



$3,400 00 



Loans on Bank Stock, amount on each : 
On 80 shares City National Bank, Lynn, . 
On 43 shares First National Bank, Lynn, . 
On 8 shares National Bank, Brighton, 



$7,450 00 

3,700 00 

400 00 



Cash on deposit in Banks : — 

Merchandise National Bank, Boston, . . . . . . $50,000 00 

First National Bank, Lynn, . . . . . . . 110,519 20 

Amount invested in real estate, $60,000 00 

Estimated value of the same, . . . . . . . . 60,000 00 

Amount of real estate by foreclosure, 3,636 41 

Estimated value of the same, 3,636 41 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent., 

for the previous year, . . . . ) 2 per cent., 
Times for the dividends fixed by the by-laws : May 1 and Nov. 1. 
The total amount of loans, with each specified rate of interest: 

$24,500, 5 per cent. ; $10,000, 5| per cent. ; $57,228, 6 per cent. ; 

$121,100, 6£ per cent. ; $555,368, 7 per cent. ; $35,400, 7| per cent. ; 

$18,800, 7^ per cent. ; $12,362, 8 per cent. 



:i 



$97,760 42 
32,471 45 
30,085 02 



1879.] 



PUBLIC DOCUMENT — No. 8. 



171 



Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 243 

Aggregate amount of the same, ., • $318,937 00 

Number of open accounts, 4,975 

Number and amount of deposits received for previous year, 2,980 235,012 00 
Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 188 102,875 00 

Number and amount of withdrawals, .... 4,922 600,821 00 

Number of accounts opened during the previous year, . . 653 

Number of accounts closed during the previous year, . 1,165 

Amount of expenses of the corporation during previous year, . 4,976 07 

Amount of treasurer's bonds, 50,000 00 

Date of examination by commissioner: Nov. 19. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 5s 1881, . 
" " " 6s 1881, . 

" " " 4^ per cent., 

" " " 4 percent., 



City and town bonds : — 

City of Cambridge 6s., 
of Lynn 6s, 
of Lynn 5^s, 
of Lowell 6s, . 
of Somerville 6£s, 
of Somerville 5^s, 
of Boston 6s, . 
of Boston gold 5s, 
of Fall River gold 5s 

Town of Natick 7s, . 

City of Manchester, N.H 
of Fall River 6s, 

Town of Saugus 5s, . 



5s, 



$10,000 
15,000 

115,000 
20,000 



10,000 

27,000 

19,000 

10,000 

20,000 

5,500 

10,000 

5,000 

25,000 

4,000 

3,000 

4,000 

10,000 



$10,475 00 
16,200 00 

120,175 00 
20,000 00 



11,000 00 

28,620 00 

19,475 00 

11,000 00 

21,000 00 

5,660 00 

11,000 00 

5,000 00 

25,500 00 

4,400 00 

3,000 00 

4,200 00 

10,000 00 



$11,000 00 
16,500 00 

120,750 00 
20,000 00 



10,000 00 

27,000 00 

17,543 33 

10,000 00 

20,000 00 

5,500 00 

9,700 00 

5,000 00 

25,000 00 

4,000 00 

3,000 00 

4,000 00 

10,000 00 



Bank Stock. 



Atlantic Nat'l Bank, Boston, . 


$5,300 


$6,625 00 


$6,890 00 


Rockland Nat'l Bank, Boston, . 


10,000 


11,850 00 


16,000 00 


Exchange Nat'l Bank, Boston, 


5,500 


7,383 75 


6,270 00 


Shoe and Leather Nat'l Bank, Boston, 


6,000 


6,000 00 


7,440 00 


New England Nat'l Bank, Boston, . 


5,900 


7,743 75 


5,900 00 


Columbian Nat'l Bank, Boston, 


8,900 


11,770 25 


10,057 00 


Market Nat'l Bank, Boston, . 


2,500 


2,250 00 


2,825 00 


Shawmut Nat'l Bank, Boston, . 


2,000 


2,095 00 


2,000 00 


Freeman's Nat'l Bank, Boston, 


1,300 


1,176 50 


1,300 00 


Traders' Nat'l Bank, Boston, . 


5,000 


4,500 00 


5,400 00 



172 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Second Nat'l Bank, Boston, 


$5,500 


$7,273 75 


$8,250 00 


Continental Nat'l Bank, Boston, 


3,500 


2,975 00 


4,200 00 


Everett Nat'l Bank, Boston, . 


5,400 


5,130 00 


6,372 00 


Republic Nat'l Bank, Boston, . 


10,000 


12,450 00 


12,800 00 


Union Nat'l Bank, Boston, 


7,300 


9,125 00 


11,680 00 


Blackstone Nat'l Bank, Boston, 


5.500 


5,225 00 


7,425 00 


First Nat'l Bank, Boston, 


2,500 


4,225 00 


4.950 00 


Merchandise Nat'l Bank, Boston, . 


3,700 


3,385 50 


3,700 00 


North America Nat'l Bank, Boston, 


3,400 


3,400 00 


3,740 00 


First Nat'l Bank, Lynn, . 


44,000 


50,600 00 


48,180 00 


Central Nat'l Bank, Lynn, 


30,100 


39,130 00 


38,227 00 


City Nat'l Bank, Lynn, . 


32,000 


41,600 00 


40,000 00 



Railroad Bonds. 



Eastern Railroad bonds, . 




$19,700 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



173 



MALDEN SAVINGS BANK — MALDEN. 
Incorporated March 30, 1860. Number of corporators, 26. 
Caleb Wait, President. Treasurer, Charles Mekrill. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$292,158 20 

78 86 

2,300 00 


Public funds, .... 

Bank stock, .... 

Loans on real estate, 

Loans on personal security, . 

Expense account, 

Cash on hand, .... 


$68,000 00 

6,000 00 

188,900 00 

26,200 00 

757 14 

4,679 92 




$294,537 06 


$294,537 06 



Cash on Deposit in Bank : — 
First National Bank, Maiden, 



1,679 92 



Whole amount of interest or profits received or earned, . . . $19,821 34 
Kate and amount of each semi-annual dividend 7 2\ per cent., . < 6,904 58 

for the previous year, ) 2£ per cent., . ( 6,905 55 

Times for the dividends fixed by the by-laws : second Wednesday 

of April and October. 
Average annual percent of dividends for the term ending at time 

of and including last extra dividend : 6 per cent. 
The total amount of loans, with each specified rate of interest: 

$11,300, 6 per cent. ; $6,000, 6£ per cent. ; $197,800, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 94 

Aggregate amount of the same, 152,900 00 

Number of open accounts, 1,448 

Number and amount of deposits received for previous year, 1,271 126,509 84 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 57 29,784 27 

Number and amount of withdrawals, .... 1,427 139,011 23 

Number of accounts opened during the previous year, . .213 

Number of accounts closed during the previous year, . . 274 

Amount of expenses of the corporation during previous year, . 1,200 00 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Oct. 21. 



174 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 4£s, 


$24,000 


$24,000 00 


$24,000 00 


" " " currency 6s, . 


10,000 


10,000 00 


10,000 00 


City bonds : — 








City of Newton, .... 


8,000 


8,080 00 


8,000 00 


of Bath, Me., . 


5,000 


5,000 00 


5,000 00 


of Bangor, Me., 


5,000 


5,250 00 


5,000 00 


of Fall River, .... 


5,000 


5,500 00 


5,000 00 


of Woburn, .... 


10,000 


10,500 00 


10,000 00 


of Fitchburg, .... 


1,000 


1,100 00 


1,000 00 



Bank Stock. 



First IJat'l Bank, Maiden, 



!,000 



$7,000 00 



;,ooo oo 



1879.] 



PUBLIC DOCUMENT — No. 8. 



175 



MARBLEHEAD SAVINGS BANK — MARBLEHEAD. 

Incorporated 1871. Number of corporators, 30. 

Isaac C. Wyman, President. Treasurer, William Gillet. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$176,759 08 

3,374 48 

936 62 


Public funds, .... 

Bank stock, .... 

Railroad bonds, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, . 

Deposit in banks on interest, . 

Expense account, 

Cash on hand, .... 


$14,677 00 

54,917 54 

13,737 51 

16,213 73 

73,150 00 

3,000 00 

3,763 72 

943 24 

667 44 




$181,070 18 


$181,070 18 



Cash on Deposit in Bank : — 
Marblehead National Bank, Marblehead, 

Amount of real estate by foreclosure, 
Estimated value of the same, 



53,763 72 



,213 73 
15,000 00 



Whole amount of interest or profits received or earned, . . . $8,095 20 
Rate and amount of each semi-annual dividend ) 2 per cent., . . ( 4,507 97 

for the previous year, J 2 per cent.,. .1 3,469 98' 

Times for the dividends fixed by the by-laws : first of May and No- 
vember. 
The total amount of loans, with each specified rate of interest: 
$3,000, 6 per cent. ; $2,700, 6£ per cent. ; $27,800, 7 per cent. ; 
$5,100, 7 T % per cent. ; $1,050, 7£ per cent. ; $36,500, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 45 

Aggregate amount of the same, 44,950 00 

Number of open accounts, 948 

Number and amount of deposits received for previous year, . 463 29,040 00 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 20 11,325 00 

Number and amount of withdrawals, 662 48,255 23 

Number of accounts opened during the previous year, . . 104 
Number of accounts closed during the previous year, . . 142 
Amount of expenses of the corporation during previous year, . 600 00 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Dec. 12. 



176 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 


$6,000 


$6,367 50 


$6,405 00 


City and town bonds : — 








City of Charlestown, 

Town of Arlington, .... 


3,000 
5,000 


3,480 00 
5,800 00 


3,047 00 
5,225 00 



Bank Stock. 



Nat'l Grand Bank, Marblehead, 


$3,800 


$4,104 00 


$4,639 15 


Marblehead Nat'l Bank, Marblehead, 


1,200 


1,320 00 


1,344 00 


Merchants' Nat'l Bank, Boston, 


2,500 


3,125 00 


3,331 25 


North National Bank, Boston, . 


2,500 


2,625 00 


3,056 25 


Shawmnt Nat'l Bank, Boston, . 


2,500 


2,812 50 


3,084 37 


State Nat'l Bank, Boston, 


5,600 


6,202 00 


6,048 45 


Market Nat'l Bank, Boston, . 


900 


812 25 


999 00 


Mount Vernon Nat'l Bank, Boston, 


2,000 


1,755 00 


2,505 20 


Shoe and Leather Nat'l B'k, Boston, 


100 


100 25 


121 25 


Continental Nat'l Bank, Boston, 


2,500 


2,125 00 


2.687 50 


Boylston National Bank, Boston, 


3,100 


3,235 62 


3,839 50 


Blackstone Nat'l Bank, Boston, 


3,000 


2,883 75 


3,485 00 


Hamilton National Bank, Boston, . 


500 


510 00 


591 25 


Merchandise Nat'l Bank, Boston, . 


1,900 


1,743 25 


1,900 00 


Nat'l Revere Bank, Boston, 


400 


400 00 


442 75 


Nat'l Hide and Leather B'k, Boston, 


3,200 


3,288 00 


3,744 00 


Nat'l Bank of Commerce, Boston, . 


2,500 


2,050 00 


3,181 25 


Nat'l Bank of No. America, Boston, 


2,500 


2,500 00 


2,778 12 


Nat'l Bank of the Republic, Boston, 


2,400 


2,988 00 


3,072 00 


Nat'l Bank of Redemption, Boston, 


2,900 


3,480 00 


4,067 25 



Railroad Bonds. 



Eastern Railroad bonds, . 




$11,420 00 



$13,737 51 



1879.] 



PUBLIC DOCUMENT — No. 8. 



177 



MARLBOROUGH SAVINGS BANK — MARLBOROUGH. 

Incorporated April 3, 1860. Number of corporators, 94. 

Elbridge Howe, President. Treasurer, Edward R. Alley. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$573,682 26 

15,982 32 

5,855 60 


Public funds, .... 
Bank stock, .... 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposit in banks on interest, . 
Expense account, 


$101,175 00 

85,375 00 

3,900 00 

401,070 00 

950 00 

2,479 08 

571 10 




$595,520 18 


$595,520 18 



Cash on Deposit in Bank : — 
First National Bank, Marlborough, 



$2,479 08 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$3,900 00 
4,000 00 



Whole amount of interest or profits received or earned, . . . $39,588 21 
Rate and amount of each semi-annual dividend ) 2-J- per cent., . ( 15,903 31 

for the previous year, . . . . .) 2^- per cent., .( 14,456 98 
Times for the dividends fixed by the by-laws : third Wednesday of 

January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5 per cent. 
The total amount of loans, with each specified rate of interest: 

$402,020, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . • 231 

Aggregate amount of the same, 249,470 00 

Number of open accounts, 1,981 

Number and amount of deposits received for previous year, . 804 66,694 00 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 53 28,562 00 

Number and amount of withdrawals, .... 1,207 189,196 64 

Number of accounts opened during the previous year, . . 239 

Number of accounts closed during the previous year, . . 394 

Amount of expenses of the corporation during previous year, . 2,000 00 

Amount of treasurer's bonds, 25,000 00 

Date of examination by commissioner: Aug. 14. 
23 



178 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 



Par Yalue. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 5 per ct., 1881, 
" " " 4 per ct., 1907, 

City bonds : — 
City of Fall River, .... 
of Lowell, .... 



$50,000 
20,000 



10,000 
15,000 



£52,312 00 
20,000 00 



10,662 00 
16,500 00 



$55,800 00 
20,575 00 



10,000 00 
14,800 00 



Bank Stock. 



First Nat'l Bank, Marlborough, 
First Nat'l Bank, Lynn, . 
Continental Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . • 
City Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Eliot Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Manufacturers' Nat'l Bank, Boston 
Boston Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
North America Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 



$36,300 
3,000 
6,800 
4,000 
4,000 
5,000 
3,000 
2,000 
1,600 
1,500 
1,500 
1,000 
700 
3,000 
2,000 
1,500 



$43,560 00 


3,690 


00 


5,780 


00 


3,650 00 


4,280 


00 


4,262 


00 


3,352 


00 


2,080 


00 


1,552 


00 


1,652 


00 


1,290 00 


890 


00 


700 00 


3,000 


00 


1,600 00 


1,545 00 



$43,560 00 
3,150 00 
6,800 00 
4,000 00 
4,200 
5,250 
3,150 
2,000 
1,680 
1,575 
1,500 
1,050 
735 
3,150 
2,000 
1,575 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



179 



MECHANICS' SAVINGS B ANK — HOLYOKE. 

Incorporated 1872. Number of corporators, 45. 

James H. Newton, President. Treasurer, C. B. Prescott. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$270,334 35 
7,167 52 
1,350 00 


Loans on public funds, . 
Bank stock, .... 
Loans on real estate, 
Loans on personal security, . 
Expense account, 
Furniture and fixtures, . 
Premium account, . 
Cash on hand, .... 


$10,000 00 

50 00 

21,708 50 

197,776 00 

33,354 00 

1,767 79 

1,000 00 

593 75 

12,601 83 




$278,851 87 


$278,851 87 



$50 00 

$18,866 50 

11,861 87 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $50, 

Whole amount of interest or profits received or earned, . 

Kate and amount of each semi-annual dividend I 2-J- per cent., . ( 

for the previous year, . . . . . ) 2\ per cent., . ( 
Times for the dividends fixed by the by-laws : May and November. 
The total amount of loans, with each specified rate of interest: 

$231,180, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . .78 

Aggregate amount of the same, 

Number of open accounts, 1,022 

Number and amount of deposits received for previous year, 1,403 
Number and amount of deposits of and exceeding $300 at any 



one time for the previous year, 

Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 
Amount of treasurer's bonds, . . . 
Amount of assistant treasurer's bonds, .... 
Date of examination by commissioner : Nov. 19. 

Public Funds. 



67 
761 
309 
189 



126,529 00 

95,794 23 

40,160 00 
85,934 29 



1,100 00 
25,000 00 
10,000 00 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


V 

United States bonds, 1881, 


• 


$10,000 


$10,862 50 


$10,593 75 


Bank Stock. 



Shoe and Leather Nat'l Bank, Boston, 
First Nat'l Bank, Springfield, 
Third Nat'l Bank, Springfield, 
Hadley Falls Nat'l Bank, Holyoke, . 



£2,200 
2,000 
5,000 
4,500 



$2,200 00 
2,900 00 
8,250 00 
7,200 00 



$3,008 50 
3,080 00 
8,500 00 
7,120 00 



180 



BANK COMMISSIONERS' REPORT. 



[Jan. 



MECHANICS' SAVINGS BANK — LOWELL. 

Incorporated 1861. Number of corporators, 77. 
William A. Burke, President. Treasurer, Charles C. Hutchinson. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, 
Earnings, 

vided, 
Guaranty 
Other lial 


undi- 

fund, . 
dlities, 


$1,828,509 75 

3,273 37 

12,000 00 

801 00 


Public funds, .... 

Bank stock, .... 

Loans on bank stock, 

Railroad bonds, 

Real estate, .... 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, . 

Deposit in bank on interest, . 

Unsettled insurance, 

Premium account, . 

Cash on hand, .... 


$142,500 00 

176,950 00 

15,800 00 

136,500 00 

92,175 06 

114,952 07 

829,885 00 

281,800 00 

33,254 65 

617 50 

10,900 75 

9,249 09 




$1,844,584 12 


$1,844,584 12 



Loans on Bank Stock, amount on each : — 

On 20 shares Railroad National Bank, Lowell, $2,000 00 

On 30 shares Railroad National Bank, Lowell, and 10 shares Pres- 

cott National Bank, Lowell, 2,800 00 

On 20 shares Railroad National Bank, and 20 shares Metropolitan 

National Bank, 4,000 00 

On 70 shares National Bank of the Commonwealth . . . . 7,000 00 

Cash on Deposit in Bank: — 

Railroad National Bank, Lowell, ....... $33,254 65 

Amount invested in real estate, . . . . . . . $92,175 06 

Estimated value of the same, . 98,000 00 

Amount of real estate by foreclosure, 114,952 07 

Estimated value of the same, 107,600 00 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent., . 

for the previous year, ) 2 per cent.,. 

Times for the dividends fixed by the by-laws: first Saturday of 

June and December. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5 t 9 q 7 q- per cent. 
The total amount of loans, with each specified rate of interest: 

$75,000, 4£ per cent. ; $112,000, 5 per cent. ; $524,350, 6 per cent. ; 

$41,700, 6£ per cent. ; $319,875, 7 per cent. ; $9,100, 7 T 3 7 per cent. ; 

$43,000, 7£ per cent. ; $2,460, 8 per cent. 



:■{ 



$104,051 03 
40,262 95 
37,698 18 



1879.] 



PUBLIC DOCUMENT — No. 8. 



181 



Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 269 

Aggregate amount of the same, . . $351,035 00 

Number of open accounts, 4,698 

Number and amount of deposits received for previous year, 2,403 195,568 38 
Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 156 83,208 50 

Number and amount of withdrawals, .... 3,383 518,423 99 

Number of accounts opened during the previous year, . . 587 

Number of accounts closed during the previous year, . . 861 

Amount of expenses of the corporation during previous year, . 6,000 00 

Amount of treasurer's bonds, . . . . ' . . . . 25,000 00 

Date of examination by commissioner : July 26. 



Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested . 


United States bonds, 

City and town bonds : — 
City of Charlestown, . 

of Hartford, Conn., . 

of Lowell, . 
Town of Woburn, .... 


$50,500 

19,000 

3,000 

50,000 

20,000 


$53,593 12 

19,965 00 

3,030 00 

55,250 00 

22,000 00 


$50,500 00 

19,000 00 

3,000 00 

50,000 00 

20,000 00 



Bank Stock. 



New England Nat'l Bank, Boston, . 


$500 


$655 00 


$500 00 


Traders' Nat'l Bank, Boston, . 


800 


720 00 


800 00 


First Nat'l Bank, Boston, 


800 


1,354 00 


800 00 


City Nat'l Bank, Boston, . 


900 


963 00 


900 00 


Mount Vernon Nat'l Bank, Boston, . 


1,000 


902 50 


1,000 00 


Howard Nat'l Bank, Boston, . 


1,300 


1,352 00 


1,300 00 


Merchants' Nat'l Bank, Boston, 


1,500 


1,875 00 


1,500 00 


Second Nat'l Bank, Fall River, 


2,000 


2,625 00 


2,000 00 


Hide and Leather Nat'l B'k, Boston, 


2,000 


2,020 00 


2,000 00 


Collateral Loan Co., Boston, . 


2,800 


2,520 00 


2,800 00 


Eliot Nat'l Bank, Boston, 


2,500 


2,425 00 


2,500 00 


North America Nat'l Bank, Boston, 


3,700 


3,663 00 


3,700 00 


Shawmut Nat'l Bank, Boston, . 


3,900 


4,095 00 


3,900 00 


Eagle Nat'l Bank, Boston, 


4,000 


4,080 00 


4,000 00 


Maverick Nat'l Bank, Boston, . 


4,400 


6,160 00 


4,400 00 


North Nat'l Bank, Boston, 


4,300 


4,730 00 


4,300 00 


Everett Nat'l Bank, Boston, . 


9,000 


8,550 00 


9,000 00 


Mechanics' Nat'l Bank, Boston, 


5,000 


5,700 00 


5,000 00 


Webster Nat'l Bank, Boston, . 


5,000 


4,637 50 


5,000 00 


Commerce Nat'l Bank, Boston, 


6,000 


4,920 00 


6,000 00 


Boston Nat'l Bank, Boston, 


6,300 


5,670 00 


6,300 00 


Revere Nat'l Bank, Boston, 


16,000 


15,840 00 


16,000 00 



182 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Republic Nat'l Bank, Boston, . 


$8,300 


$10,375 00 


$8,300 00 


Blackstone Nat'l Bank, Boston, 


9,900 


9,306 00 


9,900 00 


Atlas Nat'l Bank, Boston, 


10,600 


11,713 00 


10,600 00 


Redemption Nat'l Bank, Boston, 


28,100 


33,720 00 


28,100 00 


Metropolitan Nat'l Bank, Boston, . 


4,000 


3,890 00 


10,000 00 


Railroad Nat'l Bank, Lowell, . 


23,300 


25,222 25 


23,300 00 


Bay State Nat'l Bank, Lawrence, . 


2,250 


2,850 00 


2,250 00 


First Nat'l Bank, Maiden, 


6,800 


7,480 00 


6,800 00 



Railroad Bonds. 



Old Colony Railroad bonds, 
Boston and Maine Railroad bonds, 




$57,500 00 
100,340 00 



$50,000 00 
86,500 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



183 



MEDFORD SAVINGS BANK — MEDFORD. 

Incorporated 1869. Number of corporators, 52. 

Henry Hastings, President. Treasurer, Daniel W. Lawrence. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Suspense, . 



951 84 
7,458 66 
2,000 00 

600 00 



$311,010 50 



Public funds, . 

Bank stock, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, .... 
Deposit in bank on interest, 
Cash on hand, . 



$33,182 50 
24,306 00 
13,183 13 

194,125 00 
16,950 00 

15,000 00 

13,896 29 

367 58 

$311,010 50 



Cash on Deposit in Bank : — 
National Exchange Bank, Boston, 



$13,896 29 



Amount of real estate by foreclosure, 
Assessed value of the same, 



,183 13 
13,500 00 



Whole amount of interest or profits received or earned, . . . $20,132 50 
Rate and amount of each semi-annual dividend ) 2£ per cent., . ( 7,223 41 

for the previous year, J 2£ per cent., . ( 7,114 26 

Times for the dividends fixed by the by-laws : first Saturday of May 

and November. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : ner cent. 
The total amount of loans, with each specified ite of interest: 
),400, 6 per cent. ; $26,000, 6J per cent. ; $86, 00, 7 per cent. ; 
3,975, 7 T 3 _ per cent. ; $25,675, 7£ per cent. ; $6 ,,125, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 119 

Aggregate amount of the same, 128,175 00 

Number of open accounts, 1,237 

Number and amount of deposits received for previous year, 937 51,771 00 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 41 20,439 00 

Number and amount of withdrawals, 780 67,223 62 

Number of accounts opened during the previous year, . . 161 
Number of accounts closed during the previous year, . . 149 
Amount of expenses of the corporation during previous year, . 1,000 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner: Oct. 19. 



184 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amount invested. 


United States bonds, 6s, . 

City and town bonds : — 
City of Boston 6s, . 

of Cambridge 6s, 
Town of Melrose 7s, ... 
City of Fall River, .... 


$5,000 

10,000 
6,000 
5,000 
7,000 


$5,000 00 

11,500 00 
6,780 00 
5,650 00 
7,630 00 


$5,147 50 

9,750 00 
5,760 00 
5,000 00 
7,525 00 



Bank Stock. 



Commerce Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Commonwealth Nat'l Bank, Boston 
Monument Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Hide and Leather Nat'l B'k, Boston 
Webster Nat'l Bank, Boston, . 
Boston Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 



$1,600 
3,300 
400 
1,000 
1,500 
2,500 
2,500 
1,000 
2,000 
1,000 
2,500 
1,500 




$1,728 00 
3,705 00 

442 
1,120 
1,875 
2,140 
4,265 
1,050 
2,200 
1,030 
2,950 
1,800 



75 

00 
00 
00 
00 
25 
00 
00 
00 
00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



185 



MEDWAY SAVINGS BANK — MED WAY. 

Incorporated 1871. Number of corporators, 64. 

Milton M. Fisher, President. Treasurer, 0. A. Mason. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$162,447 10 
4,145 30 
1,691 87 


Bank stock, .... 

Loans on bank stock, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, . 

Expense account, 

Deposit in bank, 

Cash on hand, '. 


$19,842 50 

300 00 

8,753 88 

122,639 12 

13,872 97 

894 46 

1,411 21 

570 13 




$168,284 27 


$168,284 27 



Cash on Deposit in Bank : — 
Central National Bank, Boston, 



L,411 21 



Loans on Bank Stock : — 
On 5 shares Eliot National Bank, Boston . 



$300 00 



Amount of real estate by foreclosure, $8,753 83 

Estimated value of the same, 10,000 00 



Whole amount of interest or profits received or earned, . . . $11,439 19 
Eate and amount of each semi-annual dividend ) 2£ per cent., . ( 4,226 05 

for the previous year, ) 2-J per cent., . ( 4,026 08 

Times for the dividends fixed by the by-laws : June and December. 
The total amount of loans, with each specified rate of interest: 

$11,732.97, 6 percent.; $7,500, 6-£- per cent.; $117,579.12, 7 per 

cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 178 

Aggregate amount of the same, 113,647 03 

Number of open accounts, 711 

Number and amount of deposits received for previous year, . 463 59,031 31 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 58 35,589 10 

Number and amount of withdrawals, 662 84,055 80 

24 



186 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of accounts opened during the previous year, . 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, t 

Date of examination by commissioner : May 21. 



73 
131 



$700 00 
6,000 00 



Bank Stock. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Holliston Nat'l Bank, Holliston, 


14,200 


$4,620 00 


$5,040 00 


Central Nat'l Bank, Boston, . 


6,500 


5,850 00 


6,667 50 


First Ward Nat'l Bank, Boston, 


4,000 


3,600 00 


4,100 00 


Eleventh Ward Nat'l Bank, Boston, 


1,000 


250 00 


1,000 00 


Wrentham Nat'l Bank, Wrentham, 


525 


420 00 


595 00 


Dedham. Nat'l Bank, Dedham, 


2,000 


2,230 00 


2,440 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



18T 



MELROSE SAVINGS BANK — MELROSE. 

Incorporated 1872; organized Aug. 5, 1874. Number of corporators, 22. 

Wingate P. Sargent, President. Treasurer, Elbredge H. Goss. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$53,642 01 

1,316 42 

239 24 


Public funds, 
Loans on real estate, 
Loans on personal security, 
Loans to cities and towns, 
Deposit in banks on interest, 
Expense account, 
Cash on band, . 




$16,540 00 

34,250 00 

160 00 

1,500 00 

2,273 71 

238 07 

235 89 




$55,197 67 






$55,197 67 



Cash on Deposit in Bank : — 
Everett National Bank, Boston, $2,273 71 

Whole amount of interest or profits received or earned, . . . $3,734 62 
Bate and amount of each semi-annual dividend ) 2-J per cent., . ( 1,139 48 

for the previous year, ) 2^ per cent., . ( 1,299 31 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest : 

$30,600, 7 per cent. ; $3,650, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 28 

Aggregate amount of the same, 25,750 

Number of open accounts, 490 

Number and amount of deposits received for previous year, 603 24,956 84 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 15 8,792 85 

Number and amount of withdrawals, . . . . ' . 302 21,956 56 

Number of accounts opened during the previous year, . .95 

Number of accounts closed during the previous year, . . 51 

Amount of expenses of the corporation during previous year, . 350 00 

Amount of treasurer's bonds, 5,000 00 

Date of examination by commissioner : Dec. 5. 

Public Funds. 







Estimated 


-- 




Par Value. 


Market Value. 


Amount Invested. 


City bonds : — 








City of Dover, N.H., 


$3,000 


$3,150 00 


$3,150 00 


of Gardiner, Me., 


1,000 


1,040 00 


1,000 00 


of Portsmouth, N.H., 


1,000 


1,050 00 


1,048 75 


of Portland, Me., . 


5,000 


5,200 00 


5,218 75 


of Lewiston, Me., 


3,000 


3,180 00 


3,150 00 


of Bath, Me., . 


1,000 


1,020 00 


997 50 


of Rockland, Me. , . 


2,000 


2,000 00 


1,975 00 



188 



BANK COMMISSIONERS' REPORT. 



[Jan. 



MERRIMACK RIVER SAVINGS BANK— LOWELL. 

Incorporated Feb. 24, 1871. Number of corporators, 39. 

Josiah G. Peabodt, President. Treasurer, Almy J. Flint. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$297,401 51 
6,970 40 
1,586 60 


Public funds, .... 

Bank stock 

Loans on bank stock, 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to cities and towns, 
Deposit in bank on interest, . 
Cash on hand, .... 


$7,000 00 

27,419 12 

15,000 00 

26,200 00 

208,754 13 

9,430 70 

3,000 00 

8,496 83 

657 73 




$305,958 51 


$305,958 51 



Loans on Bank Stock, amount on each : — 
On 150 shares Wamesit National Bank, Lowell, 



$15,000 00 



Cash on deposit in Bank : — 

Wamesit National Bank, Lowell, $8,496 83 

Real estate by foreclosure, $26,200 00 

Estimated value of the same, . . . . . . . 26,200 00 



Whole amount of interest or profits received, $23,196 87 

Rate and amount of each semi-annual dividend ) 2 per cent., . ( 6,183 92 

for the previous year, \ 2 per cent., .( 5,809 79 

Times for the dividends fixed by the by-laws : May 1 and Nov. 1. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5 per cent. 
The total amount of loans, with each specified rate of interest: 

$113,887.88, 6 per cent.; $4,000, 6i per cent.; $76,166.25, 7 per 

cent. ; $1,400, 7£ per cent. ; $700, 7 T 3 ¥ per cent. ; $11,600, 7£ per 

cent. ; $1,000, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 65 

Aggregate amount of the same, 93,826 25 

Number of open accounts, 738 

Number and amount of deposits received for previous year, . 363 50,859 23 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 47 25,492 20 

Number and amount of withdrawals, 443 82,853 06 

Number of accounts opened during the previous year, . . 110 
Number of accounts closed during the previous year, . . 128 



1879.] 



PUBLIC DOCUMENT — No. 8. 



189 



Amount of expenses of the corporation during previous year, . $617 50 

Amount of treasurer's bonds, ........ 15,000 00 

Date of examination by commissioner : June 18. 



Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Town bonds: — 
Town of Natick, 

of Provincetown, 



$3,000 
4,000 



$3,060 00 
4,050 00 



$3,000 00 
4,000 00 



Bank Stock. 



Tremont Nat'l Bank, Boston, . 


$4,500 


$4,488 75 


$4,955 62 


Blackstone Nat'l Bank, Boston, 


2,500 


2,403 12 


2,899 50 


Atlantic Nat'l Bank, Boston, . 


1,000 


1,260 00 


1,351 50 


Atlas Nat'l Bank, Boston, 


3,000 


3,310 35 


3,525 00 


Hide and Leather Nat'l B'k, Boston, 


2,100 


2,157 75 


2,320 50 


Howard JSTat'l Bank, Boston, . 


1,000 


1,030 00 


1,130 25 


North Nat'l Bank, Boston, 


900 


10,475 00 


1,086 75 


Metropolitan Nat'l Bank, Boston, . 


1,600 


1,583 00 


1,600 00 


Boston Nat'l Bank, Boston, 


5,000 


4,487 00 


5,750 00 


Redemption Nat'l Bank, Boston, 


2,000 


2,400 00 


2,800 00 



190 



BANK COMMISSIONERS' REPORT. 



[Jan. 



MERRIMAC SAVINGS BANK — MERRIMAC. 

Incorporated May, 1871. Number of corporators, 36. 

John S. Poyen, President. Treasurer, Daniel J. Poore. 

Statement. 



Liabilities. 


Assets. 


Value on B ooks, 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$135,638 25 

1,935 90 

865 29 


Loans on Merrimac Fire Dis- 
trict, 

Bank stock, .... 

Railroad bonds, 

Loans on real estate, 

Loans on personal security, . 

Deposit in bank, 

Cash on hand, .... 


$2,246 00 

300 00 

8,500 00 

66,140 00 

56,801 20 

3,400 00 

1,052 24 




$138,439 44 


$138,439 44 



Loans on Public Funds, amount on each : — 
Merrimac Fire District, . 

Cash on Deposit in Bank : — 
First National Bank of Merrimac, 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2\ per cent., 

for the previous year, ) 2-J per cent., 

Times for the dividends fixed by the by-laws : third Wednesday of 

April and October. 
The total amount of loans, with each specified rate of interest: 

$8,000, 5 per cent. ; $49,147.80, 6 per cent. ; $66,539.40, 7 per cent. ; 

$1,500, 7i per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .70 

Aggregate amount of the same, 

Number of open accounts, 

Number and amount of deposits received for previous year, 



:! 



$2,246 00 



$3,400 00 

$8,075 86 
3,073 46 
3,163 13 



Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Dec. 20. 

Bank Stock. 



494 
296 



35 
212 

89 
62 



71,428 10 

34,661 99 

18,488 83 
25,990 54 



559 59 
10,000 00 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


First Nat'l Bank, Merrimac, . 


$300 


$375 00 


$300 00 


Railroad Bonds. 


West Amesbury Branch R.R. bonds, 


$8,500 


$8,925 00 


$8,500 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



191 



MIDDLEBOROUGH SAVINGS BANK — MIDDLEBOROUGH. 

Incorporated March 15, 1873. Number of corporators, 40. 



Everett Robinson, President. 



Treasurer, C. B. Wood. 



Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Interest in advance, 



$227,149 63 
5,528 51 
1,025 00 
1,871 20 



,574 34 



Public funds, 
Bank stock, 
Railroad bonds, 
Loans on real estate, 
Loans on personal security, 
Loans to counties, cities, or 

towns, .... 
Deposit in bank on interest, 
Cash on hand, . 



$10,956 25 
3,540 00 
5,112 50 

148,101 10 
46,464 03 

6,000 00 

14,766 66 

633 80 

$235,574 34 



Cash on Deposit in Bank : — 
New England Trust Company, Boston, 



$14,766 68 



Whole amount of interest or profits received or earned, . . . $14,050 35 
Rate and amount of each semi-annual dividend ) 2-J per cent., . ( 4,862 43 

for the previous year, .... ) 2£ per cent., .( 5,32812 
Times for the dividends fixed by the by-laws: April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including last extra dividend: 5 per cent. 
The total amount of loans, with each specified rate of interest: 

$4,797.85, 6 per cent. ; $195,767.28, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 253 

Aggregate amount of the same, 165,167 28 

Number of open accounts, 1,005 

Number and amount of deposits received for previous year, . 668 63,853 96 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 57 28,392 70 

Number and amount of withdrawals, 493 44,421 11 

Number of accounts opened during the previous year, . . 176 
Number of accounts closed during the previous year, . . Ill 
Amount of expenses of the corporation during previous year, . 277 26 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : July 22. 



192 



BANK COMMISSIONERS' REPORT. [Jan. 

Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 


$10,000 


$10,900 00 


$10,956 25 


Bank Stock. 


Commerce Nat'l Bank, New Bedford, 


$3,000 


$3,600 00 


$3,540 00 


Railroad Bonds. 


Old Colony Railroad, 


$5,000 


$5,150 00 


$5,112 50 



1879.] 



PUBLIC DOCUMENT — No. 8. 



193 



MIDDLESEX INSTITUTION FOE, SAVINGS — CONCORD. 

Incorporated. March, 1835. Number of corporators, 22. 
George M. Brooks, President. Treasurer, George Heywood. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$964,679 58. 


Public funds, .... 


$25,000 00 


Earnings, undivided, 


24,255 01 


Bank stock, .... 


261,100 00 


Guaranty fund, 


5,104 00 


Railroad bonds, 


140,000 00 






Real estate by foreclosure, 


3,000 00 






Loans on real estate, 


392,218 80 






Loans on personal security, . 


102,750 00 






Loans to counties, cities, or 








towns, 


56,000 00 






Expense account, 


793 55 






Cash on hand, .... 


13,176 24 




$994,038 59 


$994,038 59 



Real estate by foreclosure, . 
Estimated value of the same, 



$3,000 00 
3,000 00 



Whole amount of interest or profits received or earned, . 

Rate and amount of each semi-annual dividend ) 2£ per cent., . j 

for the previous year, ) 2-J- per cent., . \ 

Times for the dividends fixed by the by-laws : June and December. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7 per cent. 
The total amount of loans, with each specified rate of interest: 

$42,000, Si per cent. ; $2,500, 5 per cent. ; $168,300, 6 per cent. ; 

$366,650, 7 per cent.; $25,818.80, 7 T 3 ^ per cent.; $64,300, 7£ per 

cent. ; $28,400, 8 per cent. ; $20,000, 9 per cent. ; $1,000, 10 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . . . . . . . 81 

Aggregate amount of the same, . . . . . .......... 

Number of open accounts, 2,705 

Number and amount of deposits received for previous year, . 913 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 58 

Number and amount of withdrawals, .... 1,088 

Number of accounts opened during the previous year, . .219 
Number of accounts closed during the previous year, . . 300 
Amount of expenses of the corporation during previous year, . 
Amount of treasurer's bonds, ........ 

Date of examination by commissioner : Dec. 31. 
25 



$61,313 33 
24,858 36 
24,109 06 



53,800 00 

71,298 64 

29,017 28 
162,794 50 



3,144 00 
10,000 00 



194 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



State bonds : — 
State of Maine, 

of Rhode Island, 



$11,000 
14,000 



112,100 00 
15,400 00 



$11,000 00 
14,000 00 



Bank Stock. 



Blackstone Nat'l Bank, Boston, 


$10,600 


$10,070 00 


$10,600 00 


Boston ISTat'l Bank, Boston, 


13,300 


11,837 00 


13,300 00 


Central ISTat'l Bank, Boston, . 


5,000 


4,000 


00 


5,000 00 


City Nat'l Bank, Boston, 


10,000 


10,700 


00 


10,000 00 


Columbian Nat'l Bank, Boston, 


6,700 


8,844 


00 


6,700 00 


Commerce ISTat'l Bank, Boston, 


15,000 


12,000 


00 


15,000 00 


Eagle ISTat'l Bank, Boston, 


15,000 


15,450 


00 


15,000 00 


Eliot ISTat'l Bank, Boston, 


16,700 


16,032 


00 


16,700 00 


Faneuil Hall Nat'l Bank, Boston, . 


10,000 


12,300 


00 


10,000 00 


First ISTat'l Bank, Boston, 


2,800 


4,732 


00 


2.800 00 


Hamilton Nat'l Bank, Boston, 


2,100 


2,142 


00 


2,100 00 


Hide and Leather Nat'l Bank, Boston, 


7,200 


7,272 


00 


7,200 00 


Howard ISTat'l Bank, Boston, . 


20,000 


20,800 


00 


20,000 00 


Merchants' Nat'l Bank, Boston, 


15,000 


18,750 


00 


15,000 00 


North America Nat'l Bank, Boston, 


10,000 


10,000 


00 


10,000 00 


Revere ISTat'l Bank, Boston, 


22,500 


22,500 


00 


22,500 00 


Second Nat'l Bank, Boston, 


4,500 


5,940 


00 


• 4,500 00 


Shawmut ISTat'l Bank, Boston, 


10,000 


10,100 


00 


10,000 00 


Shoe and Leather Nat'l Bank, Boston, 


10,000 


10,000 


00 


10,000 00 


State ISTat'l Bank, Boston, 


13,800 


15,180 


00 


13,800 00 


Traders' Nat'l Bank, Boston, . 


2,500 


2,250 


00 


2,500 00 


Tremont Nat'l Bank, Boston, . 


10,000 


10,000 


00 


10,000 00 


Webster Nat'l Bank, Boston, . 


15,000 


13,950 


00 


15,000 00 


Concord Nat'l Bank, Concord, 


10,000 


12,000 


00 


10,000 00 


Old Lowell Nat'l Bank, Lowell, 


900 


1,080 


00 


900 00 


Marlborough Nat'l Bank, Marlboro', 


2,000 


2,100 


00 


2,000 00 


Framingham Nat'l Bank, Framing'm, 


500 


625 00 


500 00 



Railroad Bonds. 



Boston and Albany Railroad bonds, . 
Eastern Railroad bonds, . 



$100,000 
42,000 



$118,500 00 
30,240 00 



$100,000 00 
40,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



195 



MILFORD SAVINGS BANK — MILFORD. 

Incorporated April 24, 1851. Number of corporators, 49. 
Orison Underwood, President. Treasurer, James E. Walker. 

Statement. 



LIABILITIES. 


Assets. 


Value on Books. 


Deposits, . 


$606,602 82 


Public funds, .... 


$43,310 00 


Earnings, undivided, 


2,126 31 


Loans on public funds, . 


2,250 00 


Guaranty fund, 


3,954 94 


Bank stock, .... 


111,443 74 






Loans on bank stock, 


17,463 00 






Real estate, . 


31,000 00 






Real estate by foreclosure, 


1,780 22 






Loans on real estate, 


287,599 54 






Loans on personal security, 


9,000 00 






Loans to counties, cities, or 








towns, 


77,500 00 






Cash in Milford Nat'l Bank, . 


31,337 57 




$612,684 07 


$612,684 07 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $3,000, 

Loans on Bank Stock, amount on each : — 
On 192 shares Milford National Bank, Milford, 
On 40 shares Oxford National Bank, Oxford, . 

Cash on Deposit in Bank : — 
Milford National Bank, Milford, 



$2,250 00 



$13,813 00 
3,650 00 



$31,337 57 



Amount invested in real estate, $31,000 00 

Estimated value of the same, 31,000 00 

Amount of real estate by foreclosure, 1,780 22 

Estimated value of the same, 1,780 22 



:'{ 



,120 18 
13,681 53 
12,336 71 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent., . 

for the previous year, J 2 per cent., . 

Times for the dividends fixed by the by-laws : second Saturday of 

April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6-|£ per cent. 
The total amount of loans, with each specified rate of interest: 

$34,700, 5 per cent. ; $112,700, 6 per cent. ; $29,185, 6£ per cent. ; 

$151,502.54, 7 per cent. ; $4,950, 7£ per cent. ; $18,275, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 184 

Aggregate amount of the same, . . 187,562 54 

Number of open accounts, 2,296 



196 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits received for previous year, 1,408 $118,815 33 
Number and amount of deposits of and exceeding $300 at any- 
one time for tbe previous year, 78 37,974 83 

Number and amount of withdrawals, .... 1,702 171,697 84 

Number of accounts opened during the previous year, . . 315 
Number of accounts closed during the previous year, . . 428 
Amount of expenses of the corporation during previous year, . 2,013 16 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner: July 18. 



Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 4|- per cent., . 


142,000 


143,680 00 


$43,310 00 


Bank Stock. 



Milford Nat'l Bank, Milford, . 
Hide and Leather Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Home Nat'l Bank, Brockton, . 
Union Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Redemption Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Webster Nat'l Bank, Boston, . 
Shawmut Nat'l Bank, -Boston, 
Boylston Nat'l Bank, Boston, . 
Blackstone Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Shoe and Leather Nat'l Bank, Boston, 
Central Nat'l Bank, Boston, . 
Hopkinton Nat'l Bank, Hopkinton, 



121,000 

10,000 

4,800 

10,000 

3,900 

7,100 

1,000 

3,000 

2,500 

2,600 

700 

4,000 

700 

3,000 

4,000 

200 

15,000 

2,700 



$26,250 00 


10,300 


00 


4,656 


00 


9,000 


00 


4,933 


50 


7,987 


50 


1,200 


00 


3,000 


00 


2,125 


00 


2,704 00 


687 


75 


4,190 


00 


738 


00 


2,850 


00 


3,620 


00 


200 


50 


12,487 


50 


3,375 


00 



$25,013 75 
10,659 50 

5,682 
10,000 

6,313 

9,769 

1,505 

3,000 

2,955 

2,600 
700 

4,790 

1,070 

4,050 

5,360 

274 

15,000 

2,700 



99 
00 
50 
13 
00 
00 
25 
00 
00 
00 
12 
00 
00 
50 
00 
00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



197 



MILLBURY SAVINGS BANK — MILLBURY. 

Incorporated 1854. Number of corporators, 43. 

Horace Armsby, President. Treasurer, David Atwood. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 


$427,807 61 


Public funds, .... 


$47,500 00 


Earnings, undivided, 


10,538 69 


Bank stock, .... 


125,300 00 


Guaranty fund, 


2,200 00 


Loans on bank stock, 


2,000 00 


Reserved profits, 


2,000 00 


Loans on real estate, 


230,725 00 






Loans on personal security, . 


800 00 






Loans to counties, cities, or 








towns, 


20,000 00 






Expense account, 


312 25 






Premium account, . 


14,341 33 






Cash on band, .... 


1,567 72 




$442,546 30 


$442,546 30 



Loans on Bank Stock, amount on each : — 
On 22 shares Millbury National Bank, Millbury, 



$2,000 00 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend > 2| per cent., 

for the previous year, . . . . . . > 2^ per cent., 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$253,525, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 139 

Aggregate amount of the same, 

Number of open accounts, 1,114 



■I 



$27,130 61 

9,9343 1 

10,167 40 



Number and amount of deposits received for previous year, 



Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, . . 
Number of accounts opened for the previous year, . 
Number of accounts closed for the previous year, . 
Amount of expenses of the corporation during previous year 

Amount of treasurer's bonds, 

Date of examination by commissioner: Oct. 12. 



833 

64 
650 
161 
149 



132,720 00 

69,281 85 

33,764 72 
74,597 13 



1,271 96 
20,000 00 



198 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 6s 1867, 
" " " 5s 1881, 
" " " 6s 1881, 


$23,000 
5,000 
5,500 


$24,265 00 
5,225 00 
5,926 00 


$23,000 00 
5,000 00 
5,500 00 


" " " 4is 1891, 


5,000 


5,162 00 


5,000 00 


City bonds : — 
City of Portland, .... 
of Lawrence, .... 


6,000 
3,000 


6,345 00 
3,315 00 


6,000 00 
3,000 00 



Bank Stock. 



Commerce Nat'l Bank, Boston, 


$7,500 


$6,375 00 


$7,500 00 


Hide and Leather Nat'l B'k, Boston, 


5,000 


5,000 00 


5,000 00 


North America Nat'l Bank, Boston, 


900 


990 00 


900 00 


Commonwealth Nat'l Bank, Boston, 


10,000 


10,000 00 


10,000 00 


First Ward Nat'l Bank, Boston, 


5,000 


4,000 00 


5,000 00 


Blackstone Nat'l Bank, Boston, 


4,100 


4,100 00 


4,100 00 


Hamilton Nat'l Bank, Boston, 


2,500 


2,875 00 


2,500 00 


North Nat'l Bank, Boston, 


4,000 


5,000 00 


4,000 00 


Continental Nat'l Bank, Boston, 


2,000 


2,000 00 


2,000 00 


Shawmut Nat'l Bank, Boston, 


2,500 


2,750 00 


2,500 00 


Atlas Nat'l Bank, Boston, 


5,000 


5,750 00 


5,000 00 


Merchants' Nat'l Bank, Boston, 


2,300 


2,875 00 


2,300 00 


Old Boston Nat'l Bank, Boston, 


300 


360 00 


300 00 


Boston Nat'l Bank, Boston, 


3,900 


3,900 00 


3,900 00 


State Nat'l Bank, Boston, 


5,000 


5,750 00 


5,000 00 


Eagle Nat'l Bank, Boston, 


1,200 


1,320 00 


1,200 00 


Suffolk Nat'l Bank, Boston, . 


2,000 


2,300 00 


2,000 00 


Traders' Nat'l Bank, Boston, . 


5,000 


5,500 00 


5,000 00 


Shoe and Leather Nat'l B'k, Boston, 


7,400 


8,140 00 


7,400 00 


Globe Nat'l Bank, Boston, 


4,200 


3,780 00 


4,200 00 


Eliot Nat'l Bank, Boston, 


10,000 


10,000 00 


10,000 00 


Second Nat'l Bank, Boston, . 


3,500 


4,900 00 


3,500 00 


Worcester Nat'l Bank, Worcester, . 


900 


1,125 00 


900 00 


Central Nat'l Bank, Worcester, 


3,600 


4,680 00 


3,600 00 


Quinsigamond Nat'l Bank, Worcester, 


2,400 


2,880 00 


2,400 00 


Citizens' Nat'l Bank, Worcester, 


500 


600 00 


500 00 


Oxford Nat'l Bank, Oxford, . 


600 


780 00 


600 00 


Millbury Nat'l Bank, Millbury, 


15,700 


17,270 00 


15,700 00 


Merchandise Nat'l Bank, Boston, . 


3,800 


3,800 00 


3,800 00 


Manufacturers' Nat'l Bank, Boston, 


500 


450 00 


500 00 


First Nat'l Bank, Grafton, 


4,000 


4,800 00 


4,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



199 



MINERS' SAVINGS BANK — WEST STOCKBRIDGE. 

Incorporated Eeb. 28, 1872. Number of corporators, 31. 

George W. Kniffin, President. Treasurer, William C. Spaulding. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$32,933 56 
438 96 
200 00 


Bank stock, 

Loans on real estate, 

Loans on personal security, . 

Loans to counties, cities, or 

Cash on hand, .... 


$5,375 00 

22,850 00 

1,575 00 

1,894 84 
1,877 68 




$33,572 52 


$33,572 52 



Amount of Deposit in Bank : 
Housatonic National Bank, 



L,877 68 



Whole amount of interest or profits received or earned, . . . $2,407 95 
Rate and amount of each semi-annual dividend ) 2-J per cent., . ( 893 75 

for the previous year, j 1\ per cent., . ( 786 47 

Times for the dividends fixed by the by-laws : first Wednesday of 

January and July. 
The total amount of loans, with each specified rate of interest: 

$1,894.84, 6£ per cent. ; $22,175, 7 per cent. ; $2,025, 7^ percent. ; 

$225, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .38 

Aggregate amount of the same, 22,319 84 

Number of open accounts, 180 

Number and amount of deposits received for previous year, . 109 8,749 76 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 5 3,225 

Number and amount of withdrawals, 115 13,820 78 

Number of accounts opened during the previous year, . . 19 
Number of accounts closed during the previous year, . . 40 
Amount of expenses of the corporation during previous year, . 316 60 

Amount of treasurer's bonds, 5,000 00 

Date of examination by commissioner : Oct. 1. 



Bank Stock. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Housatonic Nat'l Bank, Stockbridge, 
Mahaiwe Nat'l Bank, 



$3,100 
500 



:,650 00 

725 00 



:,650 00 
725 00 



200 



BANK COMMISSIONERS' REPORT. 



[Jan. 



MONSON SAYINGS BANK — MONSON. 

Incorporated March 27, 1872. Number of corporators, 19. 
Charles H. Merrick, President. Treasurer, Edward F. Morris. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undivided, 
Guaranty fund, 



$367,029 64 
3,804 51 
2,350 00 



$373,184 15 



Public funds, 

Loans on public funds, . 

Bank stock, 

Loans on bank stock, 

Railroad bonds, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, . . . 
Deposit in bank on interest, 
Cash on hand, . 



$35,175 00 

1,000 00 

41,896 75 

18,750 00 

4,144 65 

21,802 57 

187,895 00 

7,945 00 

4,000 00 
32,000 00 
18,575 00 

$373,184 15 



Cash on Deposit in Bank : — 
Third National Bank, Springfield, 



$32,000 00 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $1,000, 

Loans on Bank Stock, amount on each : — 
On 55 shares Monson National Bank, Monson, 
On 20 shares First National Bank, Amherst, . 
On 85 shares Chapin Banking and Trust Company, Springfield ; 10 

shares Palmer National Bank, 

On 10 shares Third National Bank, Springfield, 

Amount of real estate by foreclosure, .... 
Estimated value of the same, . 



$1,000 00 



$5,650 00 
2,000 00 

9,100 00 
1,000 00 

$21,802 57 
21,000 00 



Whole amount of interest or profits received or earned, . 

Rate and amount of each semi-annual dividend ) 2£ per cent., . j 

for the previous year, )2 percent., .1 

Times for the dividends fixed by the by-laws : first Monday of April 

and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 4£ per cent. 
The total amount of loans, with each specified rate of interest: 

$62,600, 4 per cent. ; $22,000, 4£ per cent. ; $12,700, 5 per cent. ; 

$55,770, 6 per cent. ; $39,050, 6£ per cent. ; $89,445, 7 per cent. ; 

$17,925, 7 T 3 o per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . . . . . . . 126 



,441 78 
8,171 06 
7,084 21 



1879.] 



PUBLIC DOCUMENT — No. 8. 



201 



Aggregate amount of the same, $174,070 00 



Number of open accounts, 



1,019 



Number and amount of deposits received for previous year, . 696 78,734 26 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 46 23,169 46 

Number and amount of withdrawals, 556 88,297 65 

Number of accounts opened during the previous year, . . 182 

Number of accounts closed during the previous year, . . 141 

Amount of expenses of the corporation during previous year, . . 950 00 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner: Aug. 21. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 4^- per cent., 

Town bonds : — 
Town of Westfield, Mass. , 



$25,000 



10,000 



$26,000 00 



10,500 00 



$25,625 00 



9,550 00 



Bank Stock. 



Eagle Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Commerce Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Redemption Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Webster Nat'l Bank, Boston, . 
Hide and Leather Nat'l Bank, Boston, 
Exchange Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Massachusetts Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Ware Nat'l Bank, Ware, 
Monson Nat'l Bank, Monson, 
Blackstone Nat'l Bank, Boston, 



$2,000 

2,000 

4,000 

3,400 

3,000 

2,500 

2,000 

1,000 

1,000 

500 

500 

500 

1,000 

1,100 

2,500 

300 

5,200 

1,500 



$2,240 00 


2,345 


00 


4,600 


00 


3,230 


00 


3,900 


00 


3,200 


00 


2,050 


00 


1,015 


00 


1,035 


00 


700 


00 


575 


00 


535 


00 


1,035 


00 


1,200 


00 


2,500 


00 


375 


00 


6,510 


00 


1,455 


00 



$2,260 

2,465 

5,070 

4,401 

3,946 

3,576 

2,290 

1,065 

1,162 

881 

577 

641 

1,150 

1,277 

2,800 

382 

6,510 

1,440 



00 
00 
00 
00 
25 
50 
00 
00 
75 
25 
75 
50 
00 
25 
00 
50 
00 
00 



Railroad Bonds. 



Eastern Railroad bonds, . 




$3,600 00 



l,144 65 



26 



202 



BANK COMMISSIONERS' REPORT. 



[Jan. 



NANTUCKET INSTITUTION FOR SAVINGS.* 

Incorporated 1834. Number of corporators, 37. 

Joseph C. Chase, President. Treasurer, Matthew Barney. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$570,183 58 


Loaus on public funds, . 


$200 00 


Earnings, undivided, 


2,021 93 


Bank stock, .... 


115,700 00 


Guaranty fund, 


3,318 91 


Loans on bank stock, . . 


900 00 






Real estate, .... 


3,575 00 






Real estate bv foreclosure, 


84,848 53 






Loans on real estate, 


311,625 25 






Loans on personal security, . 


44,950 59 






Deposits in bank on interest, . 


7,753 67 






Expense account, 


606 14 






Cash on hand, .... 


5,365 24 




$575,524 42 


$575,524 42 



Loans on Bank Stock : — 
On 9 shares Pacific National Bank, 



$900 00 



Loans on Public Funds, amount on each : — 
On United States bonds, 5-20s, par value $1,000, 

Cash on Deposit in Banks : — 
North National Bank, Boston, .... 
New England National Bank, Boston, 
Pacific National Bank, Nantucket, . 



Amount invested in real estate, . 
Estimated value of the same, 
Amount of real estate by foreclosure, 
Estimated value of the same, . 



$200 00 



$6,392 84 
1,360 83 
2,582 37 

$3,750 00 

4,500 00 

84,848 53 

82,122 00 



Whole amount of interest or profits received or earned, . . . $33,832 57 
Rate and amount of each semi-annual dividend > 2-J per cent., . ( 16,357 78 

for the previous year, ) 2 per cent., . ( 12,000 00 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$10,700, 5 per cent. ; $48,675, 6 per cent. ; $156,693, Qi per cent. ; 

$117,202.84, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 101 

Aggregate amount of the same, 102,227 34 

Number of open accounts, 1,544 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued Dec. 10, 1878. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



203 



Number and amount of deposits received for previous year, . 544 $42,675 76 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 35 

Number and amount of withdrawals, .... 1,621 

Number of accounts opened during the previous year, . . 56 
Number of accounts closed during the previous year, . . 232 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 10,000 00 

Amount of assistant treasurer's bonds, 5,000 00 

Date of examination by commissioner : Sept. 21. 



19,938 71 
167,351 97 



2,192 48 



Bank Stock. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Atlas Nat'l Bank, Boston, 


$5,000 


$5,717 50 


$5,000 00 


North America Nat'l Bank, Boston, 


7,000 


6,860 00 


7,000 00 


Old Boston Nat'l Bank, Boston, 


1,500 


1,830 00 


1,500 00 


Commercial Nat'l B'k, New Bedford, 


7,400 


6,291 00 


7,400 00 


City Nat'l Bank, Boston, . 


2,400 


2,568 00 


2,400 00 


Commerce Nat'l Bank, Boston, 


4,600 


3,657 00 


4,600 00 


Exchange Nat'l Bank, Boston, 


3,000 


4,042 00 


3,000 00 


Eagle Nat'l Bank, Boston, 


1,400 


1,428 00 


1,400 00 


Faneuil Hall Nat'l Bank, Boston, . 


5,000 


6,150 00 


5,000 00 


Howard Nat'l Bank, Boston, . 


800 


824 00 


800 00 


North Nat'l Bank, Boston, 


3,000 


3,300 00 


3,000 00 


First Nat'l Bank, New Bedford, 


2,000 


1,790 00 


2,000 00 


First Nat'l Bank, Lynn, . 


2,900 


3,190 00 


2,900 00 


Pacific Nat'l Bank, Nantucket, 


17,800 


18,690 00 


17,800 00 


Revere Nat'l Bank, Boston, 


15,000 


14,850 00 


15,000 00 


Shoe and Leather Nat'l B'k, Boston, 


9,000 


8,910 00 


9,000 00 


State Nat'l Bank, Boston, 


5,700 


6,284 25 


5,700 00 


Shawmut Nat'l Bank, Boston, . 


1,300 


1,339 00 


1,300 00 


Traders' Nat'l Bank, Boston, . 


4,500 


4,050 00 


4,500 00 


Tremont Nat'l Bank, Boston, . 


4,800 


4,752 00 


4,800 00 


Washington Nat'l Bank, Boston, 


1,500 


1,875 00 


1,500 00 


"Webster Nat'l Bank, Boston, . 


7,500 


6,975 00 


7,500 00 


Mercantile Sav'gs Institution, Boston, 


200 


- 


200 00 


Continental Nat'l Bank, Boston, 


2,400 


1,920 00 


2,400 00 



204 



BANK COMMISSIONERS' REPORT. 



[Jan. 



NATICK FIVE CENTS SAVINGS BANK — NATICK. 

Incorporated April 5, 1859. Number of corporators, 49. 
John Kimball, President. Treasurer, James Whitney. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$425,249 32 

11,252 78 

2,398 29 


Bank stock, .... 
Loans on real estate, 
Real estate by foreclosure, 
Loans on personal security, . 
Deposit in bank, 
Furniture and fixtures, . 
Cash on band, .... 


$45,120 50 

323,044 47 

2,500 00 

43,910 00 

22,266 39 

583 99 

1,475 04 




$438,900 39 


$438,900 39 



Cash on Deposit in Bank : — 
Natick National Bank, $22,266 39 

Beal estate by foreclosure, $2,500 00 

Estimated value of the same, 2,500 00 

Whole amount of interest or profits received or earned, . . . $31,933 67 
Rate and amount of each semi-annual dividend ) 2£ per cent., . . ( 11,461 37 

for the previous year, \ 2-J per cent., . ( 10,713 34 

Times for the dividends fixed by the by-laws : first Saturday of May 

and November. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5 per cent. 
The total amount of loans, with each specified rate of interest: 

$26,300, 6 per cent. ; $6,600, 6| per cent. ; $52,000, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 235 

Aggregate amount of the same, . . . . . . 243,729 47 

Number of open accounts, . . . . . . . 2,231 

Number and amount of deposits received for previous year, 1,948 93,906 37 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 53 29,683 41 

Number and amount of withdrawals, .... 1,821 192,376 02 

Number of accounts opened during the previous year, . . 399 

Number of accounts closed during the previous year, . . 502 

Amount of expenses of the corporation during previous year, . 1,300 00 

Amount of treasurer's bonds, . . 30,000 00 

Date of examination by commissioner : Nov. 27. 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Bank Stock. 



205 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Natick Nat'l Bank, Natick, . 


$2,000 


$2,010 00 


$2,000 00 


Maverick Nat'l Bank, Boston, . 


1,000 


1,400 00 


1,300 00 


Everett Nat'l Bank, Boston, . 


7,000 


6,650 00 


8,210 00 


Second Nat'l Bank, Boston, 


1,000 


1,325 00 


1,560 00 


State Nat'l Bank, Boston, 


700 


773 50 


771 75 


Atlas Nat'l Bank, Boston, 


1,100 


1,215 50 


1,320 00 


Home Nat'l Bank, Brockton, . 


5,000 


4,900 00 


5,000 00 


Redemption Nat'l Bank, Boston, 


1,400 


1,680 00 


2,135 00 


Wachusett Nat'l Bank, Fitchburg, . 


2,500 


3,000 00 


2,500 00 


Republic Nat'l Bank, Boston, . 


3,000 


3,735 00 


3,825 00 


Merchants' Nat'l Bank, Boston, 


4,600 


5,750 00 


6,393 75 


Monument Nat'l Bank, Boston, 


1,500 


2,365 00 


2,775 00 


Continental Nat'l Bank, Boston, 


500 


425 00 


581 25 


Columbian Nat'l Bank, Boston, 


1,300 


1,722 50 


1,855 75 


Central Nat'l Bank, Boston, . 


2,700 


2,254 50 


2,693 00 


Metropolitan Nat'l Bank, Boston, . 


400 


392 00 


400 00 


Merchandise Nat'l Bank, Boston, . 


1,800 


1,647 00 


1,800 00 



206 



BANK COMMISSIONERS' REPORT. 



[Jan. 



NEEDHAM SAYINGS BANK — NEEDHAM. 

Incorporated April 7, 1874. Number of corporators, 43. 

Galen Orr, President. Treasurer, Emery Groyer. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$23,332 17 
533 42 
218 96 


Bank stock, .... 
Loans on real estate, 
Loans on personal security, . 
Deposit in bank, 

Furniture, 

Cask on band, .... 


$1,735 00 

17,900 00 

3,835 00 

72 21 

519 36 

22 98 




$24,084 55 


$24,084 55 



Cash on Deposit in Bank : — 
Central National Bank, Boston, 



$72 21 



Wbole amount of interest or profits received or earned, . . . $1,853 10 
Bate and amount of one dividend for tbe previous year (2-J per cent. ), 698 19 

Times for the dividends fixed by tbe by-laws : June 1 and Dec. 1. 
Tbe total amount of loans, witb eacb specified rate of interest: 

$4,100, 7 per cent. ; $17,635, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . 27 

Aggregate amount of the same, . . 21,735 00 

Number of open accounts, 208 

Number and amount of deposits received for previous year, . 63 3,422 30 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, . . . . .3 1,406 10 

Number and amount of withdrawals, 121 11,127 88 

Number of accounts opened during the previous year, . . 14 

Number of accounts closed during the previous year, . . 45 

Amount of expenses of the corporation during previous year, . 717 23 

Amount of treasurer's bonds, . . . . . . - . . 10,000 00 

Date of examination by commissioner : May 31. 



Bank Stock. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Blackstone Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston,. 
Globe Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 


$600 
300 
200 
400 


$400 00 
309 00 
170 50 
361 00 


$610 50 
390 00 
276 50 
458 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



207 



NEW BEDFORD FIVE CENTS SAVINGS BANK — NEW BEDFORD. 

Incorporated 1855. Number of corporators, 120. 

George Howland, Jun., President. Treasurer, Barton Ricketson, Jun. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 


$2,154,933 35 

54,240 19 
18,822 18 


Public funds, .... 
Bank stock, .... 
Loans on bank stock, 
Railroad bonds, 
Loans on real estate, 
Loans on personal security, . 
Deposits in banks on interest, 

Fixtures, 

Gash on band, .... 


$1,226,500 00 

144,500 00 

319 92 

161,000 00 

286,927 00 

351,856 40 

41,430 23 

8,000 00 

7,462 17 




$2,227,995 72 


$2,227,995 72 



Loans on Bank Stock, amount on each : — 
On Mechanics' National Bank, . 



$319 92 



Cash on Deposit in Banks : — 
Merchants' National Bank, New Bedford, 
Mechanics' National Bank, New Bedford, 
Citizens' National Bank, New Bedford, . 
First National Bank, New Bedford, . 



$13,400 22 
10,127 83 
11,430 23 
10,059 24 



Whole amount of interest or profits received or earned, . . . $115,296 28 
Rate and amount of each semi-annual dividend ) 2-J- per cent., . . ( 53,746 36 

for the previous year, > 2£ per cent., . . i 47,169 54 

Times for the dividends fixed by the by-laws : April and October. 
The total amount of loans, with each specified rate of interest: 

$30,000, 5| per cent. ; $70,000, 5i per cent. ; $502,593.32, 6 per 

cent. ; $36,510, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 318 

Aggregate amount of the same, 6,197 24 

Number of open accounts, 10,292 

Number and amount of deposits received for previous year, 4,518 291,514 62 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 270 165,554 75 

Number and amount of withdrawals, .... 5,327 484,034 84 

Number of accounts opened during the previous year, . . 783 

Number of accounts closed during the previous year, . 1,175 

Amount of expenses of the corporation during previous year, . 6,197 24 

Amount of treasurer's bonds, . . . 15,000 00 

Date of examination by commissioner: Aug. 27. 



208 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 5-20s, 1867, gold, 


$10,000 


$10,600 00 


$10,000 00 


" " " 5-20s, 1881, gold, 


10,000 


10,500 00 


10,500 00 


" " 6s, 1881, . 


2,000 


2,160 00 


2,000 00 


" " " currency 6s, 


175,000 


213,500 00 


175,000 00 


" 4£sreg., . 


83,500 


86,735 00 


83,500 00 


'< " " 4s, 1891, . 


64,500 


64,500 00 


64,500 00 


City and town bonds : — 








Town of Northampton, . 


111,000 


116,550 00 


111,000 00 


of North Bridgewater, . 




40,000 


40,800 00 


40,000 00 


City of New Haven, Conn., 




10,000 


10,500 00 


10,000 00 


of Holyoke, 




50,000 


55,500 00 


50,000 00 


of Norwich, Conn., . 




13,000 


13,910 00 


13,000 00 


of Calais, Me., . 




6,000 


6,180 00 


6,000 00 


of Portland, Me., . 




100,000 


105,000 00 


100,000 00 


of New Bedford, 




123,000 


134,000 00 


123,000 00 


of Cambridge, 




30,000 


32,100 00 


30,000 00 


of Newport, R.I., 




10,000 


10,500 00 


10,000 00 


of Chelsea, 




95,000 


104,500 00 


95,000 00 


of Bangor, Me., 




66,000 


66,660 00 


66,000 00 


'of New Haven, Conn., 




76,500 


80,325 00 


76,500 00 


of Charlestown, 




25,000 


25,750 00 


25,000 00 


of Lowell, 




25,000 


27,250 00 


25,000 00 


of Hartford, Conn., . 




3,000 


3,240 00 


3,000 00 


of Salem, . 




25,000 


27,500 00 


25,000 00 


of Fall River, . 




73,000 


75,190 00 


73,000 00 



Bank Stock. 



First Nat'l Bank, Boston, 
Third Nat'l Bank, Springfield, 
Merchants' Nat'l Bank, New Bedford, 
Revere Nat'l Bank, Boston, 
Franklin Nat'l Bank, Franklin, 
First Nat'l Bank, New Bedford, 
Commerce Nat'l Bank, New Bedford 
Merchants' Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Citizens' Nat'l Bank, New Bedford, 
Merchandise Nat'l Bank, Boston, . 



$10,000 

10,000 

49,400 

12,000 

6,000 

7,200 

11,600 

10,000 

2,000 

2,500 

20,000 

3,800 



$16,900 00 


15,500 


00 


61,750 


00 


12,000 


00 


6,000 


00 


6,444 


00 


9,860 


00 


12,500 


00 


2,200 


00 


2,475 


00 


15,600 


00 


3,458 


00 



$10,000 00 

10,000 00 

49,400 00 

12,000 00 

6,000 00 

7,200 00 

11,600 00 

10,000 00 

2,000 00 

2,500 00 

20,000 00 

3,800 00 



Railroad Bonds. 



Mansfield and Framingham Railroad 








bonds, ...... 


$33,500 


$25,628 00 


$33,500 00 


Boston and Albany Railroad bonds, 








6 per cent., ..... 


10,000 


10,850 00 


10,000 00 


Eastern Railroad bonds, . 


52,500 


37,406 00 


52,500 00 


Old Colony Railroad bonds, 6s, 


30,000 


31,800 00 


30,000 00 


( < 1 1 u a Ys 


20,000 


22,200 00 


20,000 00 


Boston and Maine Railroad bonds,. 7 








per cent., ..... 


15,000 


17,400 00 


15,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



209 



NEW BEDFORD INSTITUTION FOR SAVINGS — NEW BEDFORD. 

Incorporated July, 1825. Number of corporators, 119. 

William Watkins, President. Treasurer, Charles H. Pierce. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$8,957,410 48 


Public funds, .... 


$2,939,050 00 


Earnings, undi- 




Loans on public funds, 


4,955 00 


vided, 


27,524 05 


Bank stock, .... 


1,428,800 00 


Guaranty fund, . 


84,000 00 


Loans on bank stock, 


42,720 00 






Railroad bonds, 


786,250 00 






Real estate, .... 


46,474 47 






"Real estate by foreclosure, 


10,704 90 






Loans on real estate, 


515,565 00 






Loans on personal security, . 


2,871,949 96 






Loans on railroad bonds, . 


20,000 00 






Loans on railroad stock, . 


32,750 00 


•N 




Loans to counties, cities, or 








towns, 


68,930 00 






Deposits in banks on interest, 


278,502 33 






-Expense account, 


619 00 






Cash on hand, .... 


21,663 87 




$9,068,934 53 


$9,068,934 53 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $5,800, 

Loans on Bank Stock, amount on each : — 
On 220 shares First National Bank, Easton, 
On 34 shares Fairhaven National Bank, Fairhaven, . 
On 13 shares First National Bank, New Bedford, . 
On 82 shares Merchants' National Bank, New Bedford, 
On 55 shares Mechanics' National Bank, New Bedford, 
On 15 shares Falmouth National Bank, Falmouth, . 
On 22 shares National Bank of Commerce, 
On 100 shares Citizens' National Bank, New Bedford, 
On 12 shares Fall River National Bank, Fall River, . 



Loans on Railroad Stock, amount on each : — 
On 200 shares Boston and Albany Railroad ; on 50 shares Boston, 

Clinton, Fitchburg, and New Bedford Railroad, .... 
On 150 shares Pittsfield and North Adams Railroad, 

Cash on Deposit in Banks : — 

Merchants' National Bank, New Bedford, 

First National Bank, New Bedford, 

Third National Bank, Springfield, 

Citizens' National Bank, Fall River, 

27 



$4,955 00 



$22,000 00 
1,000 00 
970 00 
3,350 00 
5,300 00 
1,000 00 
1,300 00 
6,800 00 
1,000 00 



$20,000 00 
12,750 00 



$5,437 97 

46,622 33 

30,000 00 

6,948 79 



210 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Commerce National Bank, New Bedford, * 
Mechanics' National Bank, New Bedford, . 
Massachusetts National Bank, Boston, 



Amount invested in real estate, . 
Estimated value of the same, 
Amount of real estate by foreclosure, 
Estimated value of the same, 



$6,989 33 

6,109 37 

176,396 54 



Whole amount of interest or profits received or earned, . 
Kate and amount of each semi-annual dividend ) 2-£- per cent 

for the previous year, ) 2 per cent., 

Times for the dividends fixed by the by-laws : first Monday of April 

and October. 
The total amount of loans, with each specified rate of interest: 

$1,132,830, 5 per cent. ; $65,000, 5^ per cent. ; $115,250, 5£ per 

cent. ; $50,000, 5f per cent. ; $1,621,459.96, 6 per cent. ; $111,000, 

6| per cent. ; $10,000, 6f per cent. ; $451,300, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 211 

Aggregate amount of the same, 

Number of open accounts, 18,029 

Number and amount of deposits received for previous year, 6,579 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 599 

Number and amount of withdrawals, .... 13,863 
Number of accounts opened during the previous year, . 1,482 
Number of accounts closed during the previous year, . 2,372 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: Aug. 28. 



,474 47 
46,474 47 
10,704 90 
13,000 00 

$530,113 56 
( 210,668 76 
( 178,849 50 



203,108 02 

829,164 19 

354,083 00 
1,869,131 56 



15,780 73 
20,000 00 



Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 


$1,200,000 


$1,267,250 00 


$1,237,000 00 


County bonds, Sagadahoc Co., Me., . 


19,000 


19,950 00 


19,000 00 


City and town bonds : — 








City of New Bedford, 


429,000 


474,060 00 


429,000 00 


of Roxbury, 




7,000 


7,070 00 


7,000 00 


of Charlestown, 




100,000 


105,000 00 


100,000 00 


of Springfield, . 




5,000 


5,500 00 


5,000 00 


of Fall River, . 




40,000 


41,200 00 


40,000 00 


of Manchester, N.H., 




20,000 


21,600 00 


20,000 00 


of Middletown, Conn., 




86,500 


92,555 00 


86,500 00 


Town of Greenfield, 




5,000 


5,550 00 


5,000 00 


of Buckland, . 




5,000 


5,400 00 


5,000 00 


of Shelburne, . 




6,000 


6,480 00 


6,000 00 


of Adams, 




3,000 


3,240 00 


3,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



211 



Public Funds — Concluded. 








Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Town of Northampton, . 


$50,000 


$52,500 00 


$50,000 00 


City of Norwalk, Conn., . 




10,000 


11,400 00 


10,000 00 


of Boston, 




100,000 


102,000 00 


100,000 00 


of Bangor, Me. , 




100,000 


101,000 00 


100,000 00 


of Rockland, Me., . 




50,000 


50,000 00 


50,000 00 


Town of Maiden, 




67,000 


72,340 00 


67,000 00 


of Medford, . 




50,000 


54,500 00 


50,000 00 


of Melrose, 




50,000 


55,000 00 


50,000 00 


of North Bridgewater, 




9,000 


9,180 00 


10,000 00 


City of Meriden, Conn., . 




50,000 


57,000 00 


50,000 00 


Town of Harwich, . 




10,000 


10,300 00 


12,000 00 


City of Worcester, . 




50,000 


52,000 00 


50,000 00 


of Hartford, Conn., . 




30,000 


33,000 00 


30,000 00 


of Salem, Mass., 




50,000 


55,000 00 


50,000 00 


of Burlington, Vt., . 




29,050 


30,793 00 


29,050 00 


of Taunton, 




20,000 


20,600 00 


20,000 00 


of Chelsea, 




85,000 


93,500 00 


85,000 00 


of Augusta, Me., 




4,500 


4,725 00 


4,320 00 


of Dover, N H., 




17,000 


17,850 00 


17,000 00 


of Bath, Me., . 




45,000 


47,250 00 


42,165 00 


of Newport, R.I., 




5,000 


5,250 00 


5,000 00 


' of Concord, N.H., . 




5,000 


5,250 00 


5,000 00 


Town of Edgartown, 




40,000 


43,200 00 


40,000 00 


of Attleborough, . 




50,000 


55,000 00 


50,000 00 



Bank Stock. 



Merchants' Nat'l Bank, New Bedford, 


$109,600 


$137,548 00 


$109,600 00 


First Nat'l Bank, New Bedford, 


135,600 


121,362 


00 


135,600 00 


Commerce Nat'l Bank, New Bedford, 


136,600 


116,110 


00 


136,600 00 


Mechanics' Nat'l Bank, Boston, 


100,000 


121,000 


00 


100,000 00 


Citizens' Nat'l Bank, New Bedford, 


100,000 


78,000 


00 


100,000 00 


Hide and Leather Nat'l B'k, Boston, 


19,700 


19,897 


00 


19,700 00 


Boston Nat'l Bank, Boston, 


14,300 


12,727 


00 


14,300 00 


Howard Nat'l Bank, Boston, . 


13,300 


13,832 


00 


13,300 00 


Exchange Nat'l Bank, Boston, 


2,000 


2,700 


00 


2,000 00 


Commerce Nat'l Bank, Boston, 


60,900 


48,111 


00 


60,900 00 


Second Nat'l Bank, Boston, . 


52,600 


69,432 


00 


58,500 00 


North America Nat'l Bank, Boston, 


38,000 


38,000 


00 


38,000 00 


Maverick Nat'l Bank, Boston, . 


10,000 


14,000 


00 


10,000 00 


Republic Nat'l Bank, Boston, . 


48,500 


60,140 


00 


48,500 00 


First Nat'l Bank, Boston, 


23,000 


38,870 


00 


34,500 00 


Merchants' Nat'l Bank, Boston, 


22,500 


28,125 


00 


22,500 00 


Eliot Nat'l Bank, Boston, 


8,300 


8,051 


00 


8,300 00 


North Nat'l Bank, Boston, 


22,100 


24,752 


00 


22,100 00 


City Nat'l Bank, Boston, 


2,700 


2,889 


00 


2,700 00 


Tremont Nat'l Bank, Boston, . 


34,300 


33,957 00 


34,300 00 


Hamilton Nat'l Bank, Boston, . 


8,300 


8,466 


00 


8,300 00 


Shawmut Nat'l Bank, Boston, . 


13,500 


14,175 


00 


13,500 00 


Continental Nat'l Bank, Boston, 


25,000 


21,500 


00 


25,000 00 



212 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Eagle Nat'l Bank, Boston, 
Massachusetts Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Union Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
Columbian Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, . 
Washington Nat'l Bank, Boston, 
Shoe and Leather Nat'l Bank, Boston 
New England Nat'l Bank, Boston, 
Commonwealth Nat'l Bank, Boston 
Redemption Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, . 
Wachusett Nat'l Bank, Fitchburg, 
Monument Nat'l Bank, Boston, 
First Nat'l Bank, Chelsea, 
South Reading Nat'l Bank,Wakefield, 
Fall River Nat'l Bank, Fall River, 
Metacomet Nat'l Bank, Fall River, 
First Nat'l Bank, Maiden, 
Fairhaven Nat'l Bank, Fairhaven, 
Railroad Nat'l Bank, Lowell, . 
Third Nat'l Bank, Springfield, 
Merchandise Nat'l Bank, Boston, 



$16,800 
43,500 
36,000 
12,400 

8,200 
13,000 
26,000 
49,100 
13,000 
13,600 

3,200 
10,000 
20,000 

2,500 

5,000 
10,000 
20,000 

7,000 
20,000 
25,000 
15,000 

3,600 

9,000 
20,000 

3,700 



$17,304 00 
45,240 00 
39,600 00 
15,624 00 

9,020 00 
16,700 00 
34,320 00 
49,100 00 
16,250 00 
13,600 00 
. 4,192 00 

9,000 00 
24,000 00 

2,375 00 

5,500 00 
15,000 00 
20,000 00 

8,050 00 
24,000 00 
27,500 00 
15,000 00 

2,475 00 

9,720 00 
31,000 00 

3,367 00 



$16,800 00 
43,500 00 
36,000 00 
12,400 00 

8,200 00 
13,000 00 
26,000 00 
49,100 00 
13,000 00 
13,600 00 

3,200 00 
10,000 00 
25,000 00 

2,500 00 

5,000 00 
10,000 00 
20,000 00 

7,000 00 
20,000 00 
25,000 00 
15,000 00 

3,600 00 

9,000 00 
20,000 00 

3,700 00 



Railroad Bonds. 



Boston and Albany R.R. bonds, 7s, . 


$450,000 


$526,500 00 


$450,000 00 


Boston and Albany R.R. bonds, 6s, . 


50,000 


54,000 00 


50,000 00 


New Bedford and Taunton Railroad 








bonds, 6s, .... 


59,500 


59,500 00 


57,807 50 


New Bedford Railroad bonds, 7s, 


75,000 


81,000 00 


75,000 00 


Eastern Railroad bonds, . 


53,500 


37,450 00 


26,750 00 


Worcester and Nashua R.R. bonds, 6s, 


125,000 


125,000 00 


125,000 00 


Leavenworth, Lawrence, and Galves- 








ton Railroad bonds, 


21,000 


6,930 00 


- 


Flint and Pere Marquette Railroad 








bonds, 1 ..... 


15,000 


3,000 00 


- 


Chicago, Michigan, and Lake Shore 








Railroad bonds, 1 .... 


3,000 


270 00 


— 



1 Taken as collateral for personal loan, and charged to profit and loss, to be disposed of as 
soon as practicable. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



213 



NEWBURYPORT FIVE CENTS SAVINGS BANK i — NEWBURYPORT. 

Incorporated April 24, 1854. Number of corporators, 47. 

Eben Sumner, President. Treasurer, John A. Maynard. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,060,910 23 


Public funds, .... 


$157,000 00 


Earnings, undi- 




Loans on public funds, . 


4,000 00 


vided, 


20,011 41 


Bank stock, .... 


102,200 00 


Guaranty fund, . 


5,019 10 


Loans on bank stock, 


1,350 00 






Railroad bonds, 


5,000 00 






Real estate, .... 


43,942 46 






Real estate by foreclosure, 


245,779 69 






Loans on real estate, 


420,417 22 






Loans on personal security, . 


50,183 00 






Loans on railroad stock, . 


200 00 






Deposit in banks on interest, . 


54,649 24 






Expense account, 


158 33 






Cash on band, .... 


1,060 80 




$1,085,940 74 


$1,085,940 74 



Loans on Public Funds : — 
On City of Charlestown bonds, $4,000, $4,000 00 

Loans on Bank Stock, amount on each : — 

On 7 shares Market National Bank, Boston, $650 00 

On 8 shares First National Bank, Newburyport, .... 700 00 

Loans on Railroad Stock, amount on each : — 
On 1 share Boston and Maine Railroad ; 5 shares Boston and Albany 
Railroad, $200 00 

Cash on Deposit in Banks : — 

First National Bank, Newburyport, $16,513 19 

Maverick National Bank, Boston, 38,136 05 

Amount invested in real estate, . . . . . . . $43,942 46 

Estimated value of the same, 43,942 46 

Amount of real estate by foreclosure, 245,779 69 

Assessed value of the same, 245,200 00 

Whole amount of interest or profits received or earned, . . . $51,130 32 
Rate and amount of one semi-annual dividend for previous year 

(2 per cent.), 23,510 32 

Times for the dividends fixed by the by-laws : first Monday of May 

and November. 

1 Temporarily enjoined by decree of Supreme Judicial Court April 2, 1878. 



214 



BANK COMMISSIONERS' REPORT. 



[Jan. 



The total amount of loans, with each specified rate of interest : 
$4,000, 8$ per cent. ; $17,000, 5 per cent. ; $179,728, 6 per cent. ; 
$25,000, 6£ per cent. ; $194,222.22, 7 per cent. ; $12,500, 7i per 
cent. ; $31,550, 8 per cent.; $12,150, 7 T % per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 219 

Aggregate amount of the same, $327,624 00 

Number of open accounts, 4,106' 

Number and amount of deposits received for previous year, . 420 26,597 79 
Number and amount of deposits of and exceeding $300 at any- 
one time for tbe previous year, 9 3,420 00 

Number and amount of withdrawals, .... 1,292 196,629 14 

Number of accounts opened during the previous year, . . 71 

Number of accounts closed during the previous year, . . 360 

Amount of expenses of the corporation during previous year, . 2,964 65 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Dec. 4. 



Public Funds. 







Estimated 




4 


Par Value. 


Market Value. 


Amount Invested. 


United States currency bonds, 6s, . 


$30,000 


$36,150 00 


$30,000 00 


" " consols, 4 per cent., . 


10,000 


10,012 50 


10,000 00 


City and town bonds : — 








Town of Hatfield, .... 


1,000 


1,000 00 


1,000 00 


of Franklin, . H 






4,000 


4,000 00 


4,000 00 


of Peabody, . 






5,000 


5,050 00 


5,000 00 


City of Holyoke, 






5,000 


5,600 00 


5,000 00 


of Bath, Me., . 






28,000 


28,420 00 


28,000 00 


of Bangor, Me., 






30,000 


31,800 00 


30,000 00 


of Belfast, Me., 






20,000 


20,500 00 


20,000 00 


of Springfield, . 






10,000 


10,750 00 


10,000 00 


of New Bedford, 






10,000 


11,345 00 


10,000 00 


of Fall River, . 






4,000 


4,000 00 


4,000 00 



Bank Stock. 



Atlantic Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Nat'l City Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Nat'l Bank of Commerce, Boston, 
Nat'l B'k of Commonwealth, Boston 
Continental Nat'l Bank, Boston, 
Nat'l Eagle Bank, Boston, 
Eliot Nat'l Bank, Boston, 



$1,000 
6,000 
3,300 
1,700 
800 
8,000 
1,300 
2,400 
5,000 
4,200 
7,400 
3,300 



$1,260 00 


6,622 


50 


3,135 


00 


1,513 


00 


836 


00 


8,560 


00 


1,716 


00 


1,908 


00 


4,900 


00 


3,360 


00 


7,612 00 


3,201 


00 



$1,000 00 
6,000 09 
3,300 00 
1,700 
800 
8,000 
1,300 
2,400 
5,000 
4,200 
7,400 
3,300 



00 
00 
00 
00 
00 
00 
00 
00 
00 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Bank Stock — Concluded. 



215 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Nat'l Exchange Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Nat'l Hide and Leather Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Maverick Nat'l Bank, Boston, 
New England Nat'l Bank, Boston, 
Nat'l Bank of No. America, Boston 
Nat'l Bank of Republic, Boston, 
Nat'l Revere Bank, Boston, 
Shawmut Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, 
Third Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Nat'l Union Bank, Boston, 
Nat'l Webster Bank, Boston, 
First Nat'l Bank, Newburyport, 
Ocean Nat'l Bank, Newburyport, 
Mechanics' Nat'l B'k, Newburyp't, 



$500 
1,000 
2,500 
1,500 
4,000 
1,000 
1,000 
2,300 
3,700 
1,000 
1,200 
3,700 
3,300 
2,400 
5,600 
10,500 
1,000 
9,100 



$673 

1,020 

2,525 

1,560 

5,600 

1,312 

1,000 

2,863 

3,700 

1,050 

1,320 

3,071 

3,275 

3,000 

5,222 
12,390 00 

1,065 00 
10,920 00 



75 
00 
00 
00 
00 
50 
00 
50 
00 
00 
00 
00 
25 
00 
00 



$500 
1,000 
2,500 
1,500 
4,000 
1,000 
1,000 
2,300 
3,700 
1,000 
1,200 
3,700 
3,300 
2,400 
5,600 
13,000 
1,000 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



9,100 00 



Railroad Bonds. 



Old Colony and Newport R.R. bonds, 




1,000 00 



216 



BANK COMMISSIONERS' REPORT. 



[Jan. 



NEWTON SAYINGS BANK — NEWTON. 

Incorporated June 17, 1831. Number of corporators, 16. 
Geokge Hyde, President. Treasurer, Edward J. Collins. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$631,763 68 


Public funds, .... 


$102,921 56 


Earnings, undivided, 


16,656 52 


Loans on public funds, . 


300 00 


Guaranty fund, 


4,000 00 


Bank stock, .... 


25,975 90 






Railroad bonds, 


54,935 00 






Real estate bv foreclosure, 


64,723 29 






Loans on real estate, 


323,889 44 






Loans on personal security, . 


57,400 00 






Deposit in bank on interest, . 


19,078 07 






Expense account, 


109 63 






Cash on band, . 


3,087 31 




$652,420 20 


$652,420 20 



Loan on Public Funds : — 
On United States bonds, par value $300, 

Cash on Deposit in Bank : — 
Newton National Bank, Newton, 



$300 00 



$21,578 07 



Amount of real estate by foreclosure, $64,723 29 

Estimated value of the same, 69,600 00 

Whole amount of interest or profits received or earned, . . . $43,508 13 
Rate and amount of each semi-annual dividend ) 2£ per cent., . ( 15,579 79 

for the previous year, ) 2-J- per cent., . { 14,873 08 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
Average annual per cent, of dividends for the term ending at the 

time of and including last extra dividend : 6^ per cent. 
The total amount of loans, with each specified rate of interest : 

$18,100, 6 per cent. ; $329,189.44, 7 percent. ; $5,000, lj\ per cent. ; 

$19,500, 7£ per cent. ; $9,500, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .93 

Aggregate amount of the same, 133,309 44 

Number of open accounts, 2,669 

Number and amount of deposits received for previous year, 2,225 134,617 23 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 101 52,270 40 

Number and amount of withdrawals, .... 1,672 197,405 54 
Number of accounts opened during the previous year, . . 457 
Number of accounts closed during the previous year, . . 389 
Amount of expenses of the corporation during previous year, . . 2,336 43 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner: Nov. 25. 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



217 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 6s, 1881, 

City bonds : — 
City of Newton water bonds, 5 per 
cent., ...... 



$46,500 



50,000 



&50,220 00 



51,500 00 



$51,451 56 



51,470 00 



Bank Stock. 



Brighton Nat'l Bank, Boston, . 


$700 


$665 00 


$700 00 


Commonwealth Nat'l Bank, Boston, 


3,000 


2,677 00 


3,000 00 


Cambridge Nat'l Bank, Cambridge, 


1,000 


1,400 00 


1,000 00 


Merchandise Nat'l Bank, Boston, . 


3,750 


3,450 00 


3,750 00 


Natick Nat'l Bank, Natick, . 


2,500 


2,700 00 


2,500 00 


Newton Nat'l Bank, Newton, . 


1,500 


1,650 00 


1,500 00 


Revere Nat'l Bank, Boston, 


3,000 


2,970 00 


3,000 00 


Union Market Nat'l Bank, Boston, . 


4,500 


4,500 00 


4,500 00 


Wachusett Nat'l Bank, Fitchburg, . 


2,500 


2,500 00 


2,500 00 


Waltham Nat'l Bank, Waltham, 


225 


225 00 


225 00 


Eleventh Ward Nat'l Bank, Boston, 


3,300 


660 00 


3,300 00 



Railroad Bonds. 



Boston and Albany Railroad bonds, 

Mansfield and Framingham Railroad 

bonds, .*.... 




$47,200 00 
9,250 00 



$44,935 90 
10,000 00 



28 



218 



BANK COMMISSIONERS' REPORT. 



[Jan. 



NORTHAMPTON INSTITUTION FOR SAVINGS — NORTHAMPTON. 

Incorporated 1842. Number of corporators, 17. 

H. G. Knight, President. Treasurer, Lafayette Maltby. 

Statement. 



Liabilities. 


Assets. 




Deposits, . 


$1,736,689 44 


Public funds 


$346,398 00 


Earnings, undi- 




Loans on public funds, . 


2,444 00 


vided, 


26,005 19 


Bank stock, .... 


46,300 00 


Guaranty fund, . 


12,000 00 


Loans on bank stock, 


23,093 70 






Railroad bonds, 


361.875 00 






Real estate, .... 


27,251 : 8 






Real estate by foreclosure, 


7,675 00 






Loans on real estate, 


677,902 39 






Loans on personal security, . 


137,683 66 






Loans to counties, cities, or 










81,352 72 






Cash on hand, .... 


62,718 48 




$1,774,694 63 


■?1, 774,694 63 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $2,800, .... 

Loans on Bank Stock, amount on each : — 
On 156 shares First National Bank, Northampton, . 
On 54 shares First National Bank, Easthampton, 
On 91 shares Northampton National Bank, Northampton, 
On 5 shares Conway National Bank, Conway, . . . 
On 3 shares Hampshire County National Bank, Northampton, 

Cash on Deposit in Bank: — 
Northampton National Bank, Northampton, .... 

Amount invested in real estate, 

Estimated value of the same, 

Amount of real estate by foreclosure, . . . . . 
Estimated value of the same, 

Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2| per cent., 

for the previous year, ) 2$ per cent., 

Times for the dividends fixed by the by-laws : first Wednesday of 

April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7 per cent. 
The total amount of loans, with each specified rate of interest: 

$185,352.72, 6 per cent. ; $737,123.75, 6£ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .387 



:'{ 



$2,444 00 



$10,180 00 

4,800 00 

7,313 70 

500 00 

300 00 



$47,270 96 

$27,251 68 

25,000 00 

7,675 00 

7,500 00 

$110,281 60 
44,301 77 
42,164 92 



1879.] 



PUBLIC DOCUMENT — No. 8. 



219 



Aggregate amount of the same, $363,274 60 

Number of open accounts, 4,690 

Number and amount of deposits received for previous year, 2,293 216,168 37 
Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 209 106,686 64 

Number and amount of withdrawals, .... 3,526 444,883 14 

Number of accounts opened during the previous year, . . 597 

Number of accounts closed during the previous year, . . 886 

Amount of expenses of the corporation during previous year, . 4,921 11 

Amount of treasurer's bonds, 25,000 00 

Date of examination by commissioner:' Oct. 2. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 

City bonds : — 
City of Meriden, Conn., . 



$281,000 



46,000 



$297,612 00 



49,680 00 



$300,398 00 



46,000 00 



Bank Stock. 



Northampton Nat'l B'k, Northamp'n, 


$10,000 


$10,000 00 


$10,000 00 


First Nat'l Bank, Northampton, 


1,600 


2,000 00 


1,600 00 


City Nat'l Bank, Worcester, . 


4,000 


4,000 00 


4,000 00 


Atlantic Nat'l Bank, Boston, . 


1,000 


1,250 00 


1,000 00 


Boston Nat'l Bank, Boston, 


5,3C0 


4,717 00 


5,300 00 


Commerce Nat'l Bank, Boston, 


2,000 


1,600 00 


2,000 00 


Exchange Nat'l Bank, Boston, 


1,000 


1,350 00 


1,000 00 


First Nat'l Bank, Boston, 


3,000 


5,100 00 


3,000 00 


Merchants' Nat'l Bank, Boston, 


2,000 


2,500 00 


2,000 00 


North America Nat'l Bank, Boston, 


2,700 


2,700 00 


2,700 00 


Second Nat'l Bank, Boston, 


3,400 


4,590 00 


3,400 00 


Shawmut Nat'l Bank, Boston, . 


2,600 


2,730 00 


2,600 00 


State Nat'l Bank, Boston, 


1,700 


1,904 00 


1,700 00 


Traders' Nat'l Bank, Boston, . 


2,000 


1,800 00 


2,000 00 


Washington Nat'l Bank, Boston, . 


2,000 


2,500 00 


2,000 00 


Webster Nat'l Bank, Boston, . 


2,000 


2,000 00 


2,000 00 



Railroad Bonds. 



Boston and Albany R.R. bonds, 6s, 

a a t< i< u »7g 

Boston and Maine Railroad bonds, . 
Boston and Lowell Railroad bonds, . 



$40,000 

200,000 

70,000 

40,000 



$43,400 00 

237,000 00 

81,200 00 

45,350 00 



$41,000 00 

207,250 00 

71,275 00 

42,350 00 



220 



BANK COMMISSIONERS' REPORT. 



[Jan. 



NORTH ADAMS SAVINGS BANK — NORTH ADAMS. 

Incorporated 1848. Number of corporators, 42. 
Calvin T. Sampson, President. Treasurer, V. A. Whitaker. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$683,043 41 


Public funds, .... 


$56,141 17 


Earnings, undivided, 


14,000 00 


Loans on public funds, . 


1,500 00 


Tax accrued, . 


2,160 00 


Bank stock, 


44,844 52 


Guaranty fund, 


4,000 00 


Loans on bank stock, 


3,300 00 


Bills payable, . 


6,000 00 


Real estate, .... 


6,000 00 


Other liabilities, 


1,062 79 


Real estate by foreclosure, 


20,874 88 






Loans on real estate, 


448,230 80 






Loans on personal security, . 


108,786 39 






Loans to cities and towns, 


2,000 00 






Interest account, ... 


14,687 09 






Expense account, 


368 68 






Charges on mortgages, 


579 74 


• 




Cash on band, .... 


2,952 93 


4 


$710,266 20 


$710,266 20 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $500, . 
North Adams town bonds, par value $1,000, . 

Loans on Bank Stock, amount on each : — 
On 25 shares Adams National Bank, North Adams, . 
On North Adams Savings Bank books $1,100, . 
On 5 shares Pittsfield National Bank, Pittsfield, 



Amount invested in real estate, . 
Estimated value of the same, 
Amount of real estate by foreclosure 
Assessed value of the same, 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend \ 2-J per cent., 

for the previous year, . . . . .) 2^- per cent., 
Times for the dividends fixed by the by-laws : April and Oct. 1. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6 per cent. 
The total amount of loans, with each specified rate of interest: 

$72,400, 6 per cent. ; $173,919.69, 6|- percent. ; $60,450, 6f per cent. ; 

$83,162.03, 7 per cent. ; $155,485.47, 1^ per cent. ; $16,400, 8 per 

cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 206 

Aggregate amount of the same, ........ 

Number of open accounts, 2,428 

Number and amount of deposits received for previous year, 1,918 



$500 00 
1,000 00 



$2,500 00 
600 00 
200 00 

$6,000 00 

8,000 00 

20,874 88 

15,350 00 

$48,388 93 
17,269 43 
16,304 80 



226,593 30 
136,226 93 



1879.] 



PUBLIC DOCUMENT — No. 8. 



221 



,170 31 
238,669 55 



Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 106 

Number and amount of withdrawals, .... 1,914 

Number of accounts opened during the previous year, . . 410 
Number of accounts closed during the previous year, . . 515 
Amount of expenses of the corporation during previous year, . . 4,200 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Aug. 6. 



Public Funds. 







Estimated 






Par value. 


Market Value. 


Amount Invested. 


United States bonds, 5-20s, 


$26,300 


$27,930 50 


$27,930 50 


" " " 4£ per cent., . 


5,000 


5,193 75 


5,241 50 


City bonds : — 








City of Fall River, .... 


5,000 


5,350 00 


5,350 00 


of Bangor, Me. , 


5,000 


5,215 00 


5,215 00 


of Portland, Me., . 


5,000 


5,125 00 


5,125 00 


of Cambridge, .... 


5,000 


5,654 17 


5,654 17 


of New Bedford, 


1,000 


1,125 00 


1,125 00 


Town of North Adams, . 


500 


500 00 


500 00 


Bank 


Stock. 






Adams Nat'l Bank, North Adams, . 


$25,000 


$30,000 00 


$29,432 75 


Lee Nat'l Bank, Lee, 


1,400 


1,750 00 


1,400 00 


Pittsfield Nat'l Bank, Pittsfield, . 


5,000 


6,677 82 


6,737 72 


First Nat'l Bank Adams, 


6,000 


7,333 95 


7,376 72 



222 



BANK COMMISSIONERS' REPORT. 



[Jan. 



NORTH AVENUE SAVINGS BANK — CAMBRIDGE. 

Incorporated March 7, 1872. Number of corporators, 33. 
Samuel F. Woodbridge, President. Treasurer, Milton L. Walton. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$69,268 73 

1,145 57 

481 47 


Bank stock, .... 

Loans on real estate, 

Loans on personal security, . 

Deposit in bank on interest, . 

Furniture, safe, and fixtures, . 

Suspense account, 

Cash on hand, .... 


$6,738 00 

49,675 00 

6,500 00 

6,608 96 

500 00 

617 30 

256 51 




$70,895 77 


$70,895 77 



Cash on Deposit in Bank: — 
Fourth National Bank, Boston, 



$6,608 96 



Whole amount of interest or profits received or earned, . . . $5,275 30 
Bate and amount of each semi-annual dividend ) 2-J per cent., . { 1,877 56 

for the previous year, ) 2 per cent., .( 1,416 24 

Times for the dividends fixed by the by-laws : Jan. 10 and July 10. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last dividend (no extra) : 5£ per cent. 
The total amount of loans, with each specified rate of interest : 

$10,600, 6 per cent. ; $4,000, 6i per cent. ; $33,900, 7 per cent. ; 

$3,700, 71 per cent. ; $3,975, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 22 

Aggregate amount of the same, . 26,575 00 

Number of open accounts, 495 

Number and amount of deposits received for previous year, . 519 12,686 13 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 7 3,410 00 

Number and amount of withdrawals, - . . . . . 324 25,363 47 

Number of accounts opened during the previous year, . . 6Q 

Number of accounts closed during the previous year, . . 54 

Amount of expenses of the corporation during previous year, . 441 35 

Amount of treasurer's bonds, . 5,000 00 

Date of examination by commissioner: Sept. 27. 

Bank Stock. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Nat'l Bank of Brighton, . 


$6,000 $6,000 00 


$6,738 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



223 



NORTH BROOKFIELD SAVINGS BANK — NORTH BROOKFIELD. 

Incorporated 1854. Number of corporators, 28. 

Samuel S. Edmands, President. Treasurer, Bonum Nye. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Rent of estate, . 


$277,769 21 

10,578 35 

2,851 82 

28 20 


Public funds, .... 
Bank stock, .... 
Railroad bonds, 
Real estate by foreclosure, 
Loans on real estate, 
Deposit in bank on interest, . 

Furniture 

Casb on hand, .... 


$52,500 00 

11,500 00 

84,000 00 

823 33 

135,009 37 

6,176 12 

187 85 

1,030 91 




$291,227 58 


$291,227 58 



Cash on Deposit in Bank: — 
First National Bank, Worcester, 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$6,176 12 

$823 33 
823 33 



Whole amount of interest or profits received or earned, . . . $17,446 32 
Rate and amount of each semi-annual dividend ) 2^ per cent., . ( 6,867 87 

for the previous year, ) 2 per cent., . ( 5,384 72 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest: 

$24,650, 6 per cent. ; $800, 6£ per cent. ; $113,824.37, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 119 

Aggregate amount of the same, . . 102,809 27 

Number of open accounts, 1,169 

Number and amount of deposits received for previous year, 537 45,151 91 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, . . . . . .38 19,701 78 

Number and amount of withdrawals, 629 65,309 52 

Number of accounts opened during the previous year, . . 161 
Number of accounts closed during the previous year, . . 217 
Amount of expenses of the corporation during previous year, . 887 50 

Amount of treasurer's bonds, 14,000 00 

Date of examination by commissioner : Aug. 20. 



224: 



BANK COMMISSIONERS 1 REPORT. 

Public Funds. 



[Jan. 



Estimated 
Par Value. I Amount Invested. 

Market Value. I 



United States bonds, 


813,500 


811.115 00 


813.500 00 


State bonds, Maine, 


10.000 


11,100 00 


10,000 00 


City and town bonds : — 
Town of TTobnrn, .... 
City of Boston, .... 
of Springfield .... 


12.000 ! 
9.000 
S.OOO 


13.200 00 

10,200 00 

8,560 00 


12.000 00 
9,000 00 
8,000 00 



Bank Stock. 



Commonwealth Xat'l Bank, Boston, 
Eliot Xat'l Bank, Boston, 
Ware Xat*l Bank. Ware, . 




§8,900 00 
965 00 
600 00 



$10,000 00 

1.000 00 

500 00 



Raileoad Bonds. 



Eastern Railroad bonds, . 
Boston and Albany Railroad bonds, 
Boston and Providence R.R. bonds, 
Boston and Maine Railroad bonds, . 



§32.000 823.010 00 

31.000 35,880 00 j 

8,000 ■ 9.U0 00 

13,000 15,080 00 | 



832,000 00 

31.000 00 

B,000 00 

13,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



225 



NORTH E ASTON SAVINGS BANK — EASTON. 

Incorporated Feb. 8, 1864. Number of corporators, 22. 

Fred L. Ames, President. Treasurer, Pardon A. Gifford. 

Statement. 



Liabilities.* 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$249,842 40 

11,374 11 

2,325 00 


Public funds, .... 
Bank stock, .... 
Loans on bank stock, 
Real estate by foreclosure, 
Loans on reai estate, 
Loans on personal security, . 
Deposit in First Nat'l Bank, 

Easton, 

Casb on band, .... 


$20,560 00 

125,704 02 

400 00 

21,676 83 

82,130 00 

7,947 30 

4,488 32 
635 04 




$263,541 51 


$263,541 51 



Loans on Bank Stock, amount on each : 
On 5 shares First National Bank, Easton, 



$400 00 



Cash on Deposit in Bank: — 
First National Bank, Easton, ........ $4,488 32 

Amount of real estate by foreclosure, $21,676 83 

Estimated value of the same, 24,300 00 

Whole amount of interest or profits received or earned, . . . $15,963 21 
Bate and amount of the October dividend for the previous year 

m percent.), . . 6,168 47 

Times for the dividends fixed by the by-laws : April 15 and Oct. 15. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5jq 5 q per cent. 
The total amount of loans, with each specified rate of interest: 

$500, 6i per cent. ; $35,895, 7 per cent. ; $21,215, 71 per cent. ; 

$800, 7 t 3 q per cent. ; $30,820, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, ■ . . .77 

Aggregate amount of the same, 57,330 00 

Number of open accounts, 833 

Number and amount of deposits received for previous year, . 337 33,210 96 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 17 9,573 35 

Number and amount of withdrawals, 618 98,479 81 

Number of accounts opened during the previous year, . . 66 
Number of accounts closed during the previous year, . . 232 
Amount of expenses of the corporation during previous year, . . 467 08 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner: Oct. 9. 
29 



226 



BANK COMMISSIONERS' REPORT. [Jan. 



Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City bonds : — 
City of Bath, Me., . 
of Bangor, Me., 
of Springfield, . 



$2,000 

8,000 

10,000 



$2,000 00 

8,000 00 

11,800 00 



12,000 00 

6,960 00 

11,600 00 



Bank Stock. 



Neponset Nat'l Bank, Canton, 
Bristol Co. Nat'l Bank, Taunton, 
First Nat'l Bank, Easton, 
Taunton Nat'l Bank, Taunton, 
City Nat'l Bank, Lynn, . 
Redemption Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
Shoe and Leather Nat'l Bank,Boston 
Tremont Nat'l Bank, Boston, . 
State Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston 
City Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
New England Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, . 
Shawmut Nat'l Bank, Boston . 
Atlantic Nat'l Bank, Boston, . 
Hamilton Nat'l Bank, Boston, 
Manufacturers' Nat'l Bank, Boston, 



$7,500 
3,800 

10,000 
700 

10,000 
3,800 
3,600 
2,500 
2,500 
2,500 
5,000 
2,500 
2,500 
2,500 
2,000 
2,500 

11,300 
5,700 
7,800 
5,000 
2,500 
2,500 
2,500 



$9,750 00 


6,080 


00 


12,500 


00 


780 


00 


13,800 00 


4,560 


00 


3,210 


00 


2,493 


75 


2,806 


25 


2.806 


25 


5,137 


50 


2,681 


25 


2,281 


25 


2,762 


50 


2,080 


00 


3,281 


25 


12,712 


50 


5,700 


00 


7,410 


00 


5,250 


00 


3,143 


75 


2,556 


25 


2,150 


00 



$8,100 00 

4,560 00 

10,690 00 

920 50 

14,512 50 

4,789 00 

3,632 

3,395 

3,137 

2,693 

5,725 

2,765 

2,750 

2,878 

2,255 

3,450 
15,074 

7,786 
10.135 

6,500 00 

3,750 00 

3,450 00 

2,753 13 



75 

00 
50 
75 
00 
63 
00 
13 
00 
00 
63 
50 
00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



227 



NORTH END SAVINGS BANK i — BOSTON. 

Incorporated Feb. 17, 1870. Number of corporators, 28. 

Thomas L. Jenks, President. Treasurer, George C. Trumbull. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$523,391 41 


Public funds, .... 


$40,117 50 


Earnings, undivided, 


22,868 73 


Bank stock, .... 


43,184 04 


Guaranty fund, 


3,150 00 


Loan on depositor's bank- 




Contingent fund, 


4,189 17 


book, 


100 00 






Railroad bonds, 


20,212 50 






Real estate by foreclosure, 


45,112 15 






Loans on real estate, 


361,089 20 






Loans on railroad stock, . 


670 93 






Expense account, 


1,352 11 






Suspense account, . 


1,200 27 






Vault and furniture, 


2,744 40 






Accrued interest, 


13,480 33 






Deposits in banks on interest, 


24,500 00 






Cash on hand, .... 


506 81 




$553,599 31 












$553,599 31 



Cash on Deposit in Banks : — 
Metropolitan National Bank, Boston, 
Security National Bank, Boston, 

Amount of real estate by foreclosure, 
Assessed value of the same, 



$11,000 00 
13,500 00 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent., 

for the previous year, >2 percent., 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest : 

$15,200, 6 per cent. ; $148,400, 7 per cent. ; $12,650, 7 T 3 ¥ per cent. ; 

$20,000, 7i per cent. ; $164,939.20, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 132 

Aggregate amount of the same, 

Number of open accounts, 1,625 

Number and amount of deposits received for previous year, . 606 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 29 

Number and amount of withdrawals, .... 1,757 

Number of accounts opened during the previous year, . . 110 
Number of accounts closed during the previous year, . . 336 
Amount of expenses of the corporation during previous year, . 

Amount of treasurer's bonds, 

Date of examination by commissioner: May 10. 



,112 15 
42,400 00 

$45,214 89 
12,195 08 
10,499 48 



213,389 20 

40,060 42 

16,427 22 
185,176 57 



5,500 00 
44,000 00 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding fifteen per cent, each six months, was issued May 10, 1878. 



228 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 1881, 

" " " 5-20s 1867, 

City and town bonds: — 
City of Cambridge, . 
Town of Hyde Park, Vt., 



$6,000 
21,000 



10,000 
200 



$6,487 50 
22,286 25 



10,750 00 
180 00 



$6,750 00 
23,467 50 



9,700 00 
200 00 



Bank Stock. 



City Nat'l Bank, Boston, 


$6,100 


$6,527 00 


$6,759 62 


Revere Nat'l Bank, Boston, 


1,900 


1,900 00 


2,512 12 


Shoe and Leather Nat'l B'k, Boston, 


2,600 


2,606 50 


3,782 00 


Tremont Nat'l Bank, Boston, . 


1,600 


1,588 00 


2,100 25 


First Nat'l Bank, Chelsea, 


5,000 


4,500 00 


5,767 42 


Atlas^Nat'l Bank, Boston, 


5,000 


5,512 00 


5,787 50 


Eagle Nat'l Bank, Boston, 


7,100 


7,295 25 


8,012 75 


Traders' Nat'l Bank, Boston, . 


1,500 


1,350 00 


1,696 88 


North Nat'l Bank, Boston, 


5,000 


5,625 00 


6,762 50 



Railroad Bonds. 



Boston and Maine Railroad bonds, 7s, 




$23,200 00 



$20,212 50 



1879.] 



PUBLIC DOCUMENT — No. 8. 



229 



ORANGE SAVINGS BANK— ORANGE. 

Incorporated March 30, 1871. Number of corporators, 151. 
A. J. Clark, President. Treasurer, J. H. Waite. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Other liabilities, 


$165,092 32 

647 94 

1,125 00 

11 42 


Loans on public funds, . 

Bank stock, 

Loans on bank stock, 

Real estate, 

Loans on real estate, 

Loans on personal security, 

Expense account, 

Deposit in banks on interest, 




$2,775 00 
400 00 

42,043 87 
480 00 
858 55 

73,363 00 

23,481 00 
913 85 

22,561 41 




$166,876 68 






$166,876 68 



Loans on Bank Stock, amount on each : — 
On 14 shares Orange National Bank, Orange, 



$480 00 



Cash on Deposit in Banks : — 

Orange National Bank, Orange, $756 41 

Franklin County National Bank, 15,000 00 

Amount of real estate held by foreclosure, $858 55 

Estimated value of the same, 1,000 00 



Whole amount of interest or profits received or earned, . . . $9,322 38 
Rate and amount of each semi-annual dividend ) 2£ per cent., . C 3,611 77 

for the previous year, ) 2% per cent., ' . \ 3,865 19 

Times for the dividends fixed by the by-laws : February and August. 
Average annual per cent, of dividends for the term ending at time 

of and including last extra dividend : 5 per cent. 
The total amount of loans, with each specified rate of interest: 

$15,000, 6 per cent. ; $82,724, 6 \ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 154 

Aggregate amount of the same, 96,844 00 

Number of open accounts, 788 

Number and amount of deposits received for previous year, 529 41,963 62 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 39 19,183 24 

Number and amount of withdrawals, 398 36,179 25 

Number of accounts opened during the previous year, . . 161 
Number of accounts closed during the previous year, . . 90 
Amount of expenses of the corporation during previous year, . 350 00 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner: Oct. 24. 



230 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 

City bonds : — 
City of Lynn, . 

of Auburn, Me., 



$400 



1,000 
1,600 



$400 00 



1,135 
1,744 



00 
00 



$400 00 



1,095 00 
1,680 00 



Bank Stock. 



Hide and Leather Nat'l B'k, Boston, 


$500 


$530 00 


$596 25 


North America Nat'l Bank, Boston, 


1,100 


1,210 00 


1,309 00 


Manufacturers' Nat'l Bank, Boston, 


2,000 


2,000 00 


2,200 00 


Atlas Nat'l Bank, Boston, 


1,500 


1,650 00 


1,935 00 


Eleventh Ward Nat'l Bank, Boston 








(new), ...... 


1,400 


1,190 00 


2,000 00 


Everett Nat'l Bank, Boston, . 


400 


460 00 


529 00 


Tremont Nat'l Bank, Boston, . 


3,000 


3,150 00 


3,720 00 


North Nat'l Bank, Boston, 


1,000 


1,100 00 


1,392 50 


Central Nat'l Bank, Boston, . 


300 


294 00 


328 50 


Boylston Nat'l Bank, Boston, . 


500 


600 00 


758 50 


Webster Nat'l Bank, Boston, . 


2,500 


2,575 00 


2,820 75 


Eliot Nat'l Bank, Boston, 


6,500 


6,760 00 


8,093 75 


First Ward Nat'l Bank, Boston, 


2,000 


1,600 00 


2,060 00 


First Nat'l Bank, Chelsea, 


400 


400 00 


460 00 


Third Nat'l Bank, Springfield, 


1,000 


1,650 00 


1,750 00 


Union Market Nat'l B'k, Watertown, 


500 


500 00 


620 62 


Orange Nat'l Bank, Orange, . 


10,000 


10,500 00 


10,000 00 


First Nat'l Bank, Springfield, . 


1,000 


1,350 00 


1,470 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



231 



PALMER SAVINGS BANK — PALMER. 

Incorporated 1870. Number of corporators, 43. 

M. W. French, President. Treasurer, William A. Lincoln. 

Statement. 



Liabilities. 


Assets. 

1 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$374,271 34 
4,607 86 
1,725 00 


Public funds, .... 
Loans on public funds, . 
Bank stock, .... 
Loans on bank stock, 
Railroad bonds, 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

Deposits in banks on interest, 

Expense account, 

Cash on band, . . . 


$66,350 00 

1,000 00 

29,175 00 

6,398 00 

9,640 00 

5,082 28 

215,005 00 

33,235 00 

4,700 00 

9,000 00 

380 40 

638 52 




$380,604 20 


$380,604 20 



Loans on Public Funds : — 
On United States bonds, $1,000, 5-20s 1867, 



$1,000 00 



Loans on Bank Stock, amount on each : — 
On Savings Bank Book, No. 975, 

On 5 shares Chapin Banking and Trust Company, Springfield, 
Oil 20 shares Monson National Bank, Monson, .... 
On 5 shares John Hancock National Bank, Springfield, . 
On 27 shares Palmer National Bank, Palmer, .... 



$348 00 
500 00 

2,500 00 
400 00 
500 00 



Cash on Deposit in Bank : — 
Palmer National Bank, Palmer, 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$9,000 00 

$5,082 28 
5,000 00 



Whole amount of interest or profits received or earned, . \ . $21,903 73 
Kate and amount of each semi-annual dividend ) 2-£ per cent., . ( 8,158 38 

for the previous year, J 2J per cent., .{ 7,597 91 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$1,000, 5 per cent. ; $2,000, 5| per cent. ; $27,498, 6 per cent. ; 

$140,200, 6£ per cent. ; $90,600, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 205 

Aggregate amount of the same, 218,338 00 

Number of open accounts, 1,416 

Number and amount of deposits received for previous year, 1,057 109,117 78 



232 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 

Number and amount of withdrawals, 

Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Aug. 21. 



78 


$40,647 57 


823 


76,993 20 


274 




213 





1,250 00 



Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 

" " " 5s 1881, . 

" " " 5-20sl867, . 

City and town bonds : — 
City of Worcester, .... 

of Rockland, Me., . 

of Bath, Me., 

Town of Waltham, .... 
City of Providence, R.L, 


$15,000 
15,000 
15,000 

6,000 
2,500 
1,000 
5,000 
5,000 


$15,987 00 
15,975 00 
16,313 00 

6,700 00 
2,600 00 
1,000 00 
5,050 00 
5,050 00 


$15,750 00 
15,850 00 
16,050 00 

5,550 00 
2,250 00 
900 00 
5,000 00 
5,000 00 



Bank Stock. 



Palmer Nat'l Bank, Palmer, . 


$5,000 


$5,250 00 


$5,000 00 


Monson Nat'l Bank, Monson, . 


3,300 


4,625 00 


4,125 00 


Suffolk Nat'l Bank, Boston, . 


2,000 


2,250 00 


2,500 00 


State Nat'l Bank, Boston, 


2,500 


2,850 00 


2,650 00 


North America Nat'l Bank, Boston, 


1,000 


1,000 00 


1,150 00 


Commerce Nat'l Bank, Boston, 


3,000 


2,500 00 


3,750 00 


Agawam Nat'l Bank, Springfield, . 


2,500 


2,875 00 


3,750 00 


Eliot Nat'l Bank, Boston, 


5,000 


5,000 00 


6,250 00 



Railroad Bonds. 



Eastern Railroad bonds, . 




9,640 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



233 



PEOPLE'S SAVINGS BANK — WORCESTER. 

Incorporated May 13, 1864. Number of corporators, 168. 
William Cross, President. Treasurer, C. M. Bent. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$3,243,813 34 


Public funds, .... 


$159,500 00 


Earnings, undi- 




Bank stock, .... 


786,400 00 


vided, 


32,881 02 


Loans on bank stock, 


2,000 00 


Rents, . 


401 47 


Railroad bonds, 


214,500 00 


Guaranty fund, . 


28,778 61 


Real estate, .... 


65,000 00 


Bills payable, . 


150,000 00 


Real estate by foreclosure, 


28,596 21 


Dividends, un- 




Loans on real estate, 


1,758,360 13 


paid, 


55,401 11 


Loans on personal security, 
Loans to counties, cities, or 


172,430 00 






towns, 


4,000 00 






Deposit in banks on interest, . 


59,339 15 






Expense account, 


2,053 93 






Suspense account, 


750 24 






Premiums, 


198,394 09 






Interest accrued, 


43,085 43 






Cash on hand, .... 


16,866 37 




$3,511,275 55 


$3,511,275 55 



Loans on Bank Stock, amount on each : — 
On 35 shares City National Bank, Worcester, 



$2,000 00 



Cash on Deposit in Bank: — 
Central National Bank, Worcester, 



,339 15 



Amount invested in real estate, . $65,000 00 

Estimated value of the same, 70,000 00 

Amount of real estate by foreclosure, 28,596 21 

Estimated value of the same, . 30,000 00 



:l 



$270,219 01 
92,820 13 
66,367 02 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2\ per cent., 

for the previous year, > 2 per cent., 

Times for the dividends fixed by the by-laws : Feb. 15 and Aug. 15 

(semi-annually and three years). 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend (no extra, average 

for three years) : 5 per cent. 
The total amount of loans, with each specified rate of interest: 

$4,000, 5 per cent. ; $1,693,955.77, 6 per cent. ; $237,634.36, 7 per 

cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 458 

Aggregate amount of the same, 645,455 13 

30 



234 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of open accounts, 9,355 

Number and amount of deposits received for previous year, 5,084 $361,068 22 
Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 274 145,568 16 

Number and amount of withdrawals, .... 7,9281,091,32997 

Number of accounts opened during the previous year, . . 930 

Number of accounts closed during the previous year, . 1,938 

Amount of expenses of the corporation during previous year, . 9,347 53 

Amount of treasurer's bonds, 30,000 00 

Date of examination by commissioner : May 28. 

Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 

City and town bonds : — 
City of Worcester, .... 
of Springfield, .... 
City of Holyoke, .... 


$142,500 

1,000 

1,000 
15,000 


$168,912 50 

1,125 00 

1,025 00 

17,250 00 


$142,500 00 

1,000 00 

1,000 00 

15,000 00 



Bank Stock. 



Shawmut Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
Redemption Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Union Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Washington Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Globe Nat'l Bank, Boston, 
New England Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
City Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Hide and Leather Nat'l Bank, Boston 
Republic Nat'l Bank, Boston, . 
Eliot Nat'l Bank, Boston, 
Faneuil Hall Nat'l Bank, Boston, 
Shoe and Leather Nat'l B'k, Boston, 



$18,800 
18,700 
21,200 
23,100 
39,700 
39,500 
21,400 

3,100 
40,500 
10,800 
19,000 
35,200 
31,700 

6,400 
17,800 
22,600 
41,300 

6,300 

3,900 
19,100 

8,700 

9,700 
41,600 
19,800 
43,200 

5,000 
28,000 



$19,364 


00 


$18, 


17,017 


00 


18, 


23,346 


00 


21, 


22,189 


00 


23, 


47,640 00 


39, 


32,587 


50 


39, 


21,400 


00 


21, 


3,929 


25 


3, 


50,625 


00 


40, 


13,500 


00 


10, 


20,520 


00 


19, 


35,464 00 


35, 


26,945 


00 


31, 


8,384 


00 


6, 


18,512 


00 


17, 


23,165 


00 


22, 


38,822 


00 


41, 


5,670 


00 


6, 


4,212 


00 


3, 


18,909 


00 


19, 


7,395 


00 


8, 


10,670 


00 


9, 


42,016 


00 


41, 


23,760 


00 


19, 


41,472 


00 


43, 


6,187 


50 


5, 


27,720 


00 


28, 



5,800 00 

,,700 00 

,200 00 

1,100 00 

>,700 00 

,500 00 

.,400 00 

;,ioo oo 

>,500 00 

1,800 00 

1,000 00 

.,200 00 

,700 00 

.,400 00 

,800 00 

!,600 00 

,300 00 

,,300 00 

,,900 00 

,100 00 

,,700 00 

,700 00 

,600 00 

,800 00 

,,200 00 

.,000 00 

,,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Bank Stock — Concluded. 



235 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



First Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Third Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Central Nat'l Bank, Worcester, 
City Nat'l Bank, Worcester, . 
Citizens' Nat'l Bank, Worcester, 
Mechanics' Nat'l Bank, Worcester, 
Quinsigamond Nat'l B'k, Worcester 
Worcester Nat'l Bank, Worcester, 
Massachusetts Nat'l Bank, Boston, 
Atlantic Nat'l Bank, Boston, . 
Old Boston Nat'l Bank, Boston, 



$5,000 
16,500 

8,100 
11,000 
10,000 
15,400 
24,500 

4,400 
13,500 
13,300 
52,400 

4,000 
10,000 

2,200 



$8,425 00 


14,850 


00 


10,732 25 


9,240 


00 


11,000 


00 


20,482 


00 


24,867 


50 


5,060 


00 


15,525 


00 


15,295 


00 


65,500 


00 


4,570 00 


12,800 


00 


2,596 


00 



$5,000 00 
16,500 00 

8,100 00 
11,000 00 
10,000 00 
15,400 00 
24,500 00 

4,400 00 
13,500 00 
13,300 00 
52,400 00 

4,000 00 
10,000 00 

2,200 00 



Railroad Bonds. 



Eastern Railroad bonds, . 


$22,500 


$16,087 00 


$22,500 00 


Worcester and Nashua R.R. bonds, . 


12,000 


12,000 00 


12,000 00 


Boston and Maine Railroad bonds, . 


50,000 


58,125 00 


50,000 00 


Boston and Albany Railroad bonds, . 


80,000 


86,500 00 


80,000 00 


Old Colony Railroad bonds, 


50,000 


56,500 00 


50,000 00 



236 



BANK COMMISSIONERS' REPORT. 



[Jan. 



PLYMOUTH FIVE CENTS SAVINGS BANK — PLYMOUTH. 

Incorporated April 6, 1855. Number of corporators, 69. 

William R. Drew, President. Treasurer, Daniel J. Robbins 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$488,301 02 


Public funds, .... 


$129,700 00 


Earnings, undivided, 


9,608 10 


Loans on public funds, . 


300 00 


Guaranty fund, 


2,621 92 


Bank stock, .... 


25,200 00 


Profit and loss, . 


2,130 61 


Loans on bank stock, 


2,800 00 


Suspense, . 


87 50 


Railroad bonds .... 


22,000 00 






Real estate, . . . . 


2,900 00 






Real estate by foreclosure, 


13,905 48 






Loans on real estate, 


260,875 10 






Loans on personal security, . 


22,840 00 






Expense account, 


860 75 






Cask on hand, .... 


21,367 82 




$502,749 15 


$502,749 15 



Loans on Public Funds : — 
On United States bonds, 5-20s, par value $300, 

Loans on Bank Stock, amount on each : — 
On 18 shares Plymouth National Bank, Plymouth, 
On 3 shares Old Colony Bank, Plymouth, 
On 7 shares Merchants' Bank, Boston, 

Cash on Deposit in Banks : — 
Commonwealth National Bank, Boston, . 
Old Colony National Bank, Plymouth, 
Plymouth National Bank, Plymouth, 



$300 00 



$1,800 00 
300 00 
700 00 



$14,070 62 
4,500 00 
2,562 56 



Amount invested in real estate, $2,900 00 

Estimated value of the same, . . . . . . . . 3,000 00 

Amount of real estate held by foreclosure, . . . . . 13,905 48 

Estimated value of the same, . . . . . . . . 11,500 00 



Whole amount of interest or profits received or earned, . . . $32,773 93 
Rate and amount of each semi-annual dividend ) 2^ per cent., . ( 12,991 03 

for previous year, y 2 per cent., . ( 9,877 24 

Times for the dividends fixed by the by-laws : second Tuesday of 

January and July. 
The total amount of loans, with each specified rate of interest: 

$10,000, 5 per cent. ; $23,175, 6 per cent. ; $9,277.10, 6£ per cent. ; 

$108,115, 7 per cent. ; $18,626, 7^ per cent. ; $34,442, 7i per 

cent. ; $3,180, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 296 

Aggregate amount of the same, . 164,865 10 



1879.] 



PUBLIC DOCUMENT— No. 8. 



237 



Number of open accounts, 

Number and amount of deposits received for previous year, 
Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 

Number and amount of withdrawals, ...... 

Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Sept. 2. 



2,234 




632 


$35,848 86 


33 


17,171 28 


898 


100,320 17 


132 




277 





2,281 99 



Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 5 per cent., . 


$10,000 


$10,500 00 


$10,500 00 


" " " 4± per cent. , . 


10,000 


10,300 00 


10,000 00 


" " " 4 percent., . 


200 


200 00 


200 00 


State bonds : — 








State of Maine bonds, 


14,000 


15,960 00 


14,000 00 


of New Hampshire bonds, 


2,000 


2,200 00 


2,000 00 


City and town bonds : — 








City of Lynn, ..... 


1,000 


1,100 00 


1,000 00 


of Portland, Me., 




10,000 


10,400 00 


10,000 00 


of Bath, Me., . 




3,000 


3,090 00 


3,000 00 


of Cambridge, . 




9,000 


9,820 00 


9,000 00 


Town of Northampton, . 




10,000 


11,000 00 


10,000 00 


City of New London, Conn., 




12,000 


13,680 00 


12,000 00 


Town of Plymouth, . 




13,000 


13,500 00 


13,000 00 


City of New Bedford, 




10,000 


11,600 00 


10,000 00 


of Somerville, . 




5,000 


5,500 00 


5,000 00 


of Manchester, N.H., 




1,000 


1,060 00 


1,000 00 


Town of Natick, 




1,000 


1,100 00 


1,000 00 


City of Springfield, . 




5,000 


5,500 00 


5,000 00 


of Bangor, Me., 




9,000 


9,540 00 


9,000 00 


of Belfast, Me., 




2,000 


2,060 00 


2,000 00 


of Lewiston, Me., 


2,000 


2,080 00 


2,000 00 



Bank Stock. 



Commonwealth Nat'l Bank, Boston, 


$5,000 


$4,500 00 


$5,000 00 


Metropolitan Nat'l Bank, Boston, . 


1,000 


1,000 00 


1,000 00 


Atlas Nat'l Bank, Boston, 


2,500 


2,725 00 


2,500 00 


Webster Nat'l Bank, Boston, . 


2,500 


2,500 00 


2,500 00 


Old Colony Nat'l Bank, Plymouth, . 


2,500 


3,125 00 


2,500 00 


First Ward Nat'l Bank, Boston, 


2,400 


1,920 00 


2,400 00 


Revere Nat'l Bank, Boston, 


1,500 


1,500 00 


1,500 00 


Nat'l Bank of the Republic, Boston, 


1,500 


1,875 00 


1,500 00 



238 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Plymouth Nat'l Bank, Plymouth, . 


$1,200 


$1,200 00 


$1,200 00 


Merchants' Nat'l Bank, Boston, 


1,000 


1,250 00 


1,000 00 


City Nat'l Bank, Boston, 


1,000 


1,100 00 


1,000 00 


Commerce Nat'l Bank, Boston, 


1,000 


820 00 


1,000 00 


Third Nat'l Bank, Springfield, 


1,000 


1,400 00 


1,000 00 


North Nat'l Bank, Boston, 


600 


672 00 


600 00 


Shoe and Leather Nat'l B'k, Boston, 


500 


500 00 


500 00 



Railroad Bonds. 



Old Colony and Newport R.R. bonds, 


$5,000 


$5,200 00 


$5,000 00 


Cheshire Railroad bonds, 


4,000 


4,000 00 


4,000 00 


Cape Cod Railroad bonds, 


2,000 


2,140 00 


2,000 00 


Eastern Railroad bonds, . 


10,000 


7,150 00 


7,150 00 


Boston and Maine Railroad bonds, . 


1,000 


1,160 00 


1,000 00 



1879.] 



PUBLIC DOCUMENT— No. 8. 



239 



PLYMOUTH SAVINGS BANK— PLYMOUTH. 

Incorporated 1828. Number of corporators, 50. 
Jacob H. Loud, President. Treasurer, John J. Russell. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Suspense, . 
Guaranty fund, . 


$2,057,086 62 

100,297 55 

415 97 

20,000 00 


Public funds, .... 

Loans on public funds, . 

Bank stock, . 

Loans on bank stock, 

Pailroad bonds, 

Real estate, .... 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, . 

Loans on railroad stock, . 

Loans to counties, cities, or 

towns, 

Cash on hand, and in banks, . 


$421,721 25 

4,500 00 

432,523 00 

10,975 00 

130,355 00 

7,000 00 

20,146 27 

680,200 00 

187,924 79 

16,625 00 

227,000 00 
38,829 73 




$2,177,800 04 


$2,177,800 04 



Loans on Public Funds, amount on each: — 
On United States bonds, par value $4,500, 



$4,500 00 



Loans on Bank Stock, amount on each : — ^ 

On 41 shares Old Colony National Bank, Plymouth, . . . $3,675 00 

On 12 shares Old Colony and Plymouth National Banks, Plymouth, 1,100 00 

On 95 shares Plymouth National Bank, Plymouth, .... 4,900 00 

On 10 shares Commonwealth National Bank, Boston, . . . 800 00 

On 5 shares Market National Bank, Boston, 500 00 



Cash on Deposit in Banks : — 
Old Colony National Bank, Plymouth, 
Plymouth National Bank, Plymouth, 
New England Trust Company, Boston, 



$8,667 78 

8,698 84 

19,462 62 



Amount invested in real estate, $7,000 00 

Estimated value of the same, 7,000 00 

Amount of real estate by foreclosure, 20,146 27 

Estimated value of the same, 16,000 00 



Whole amount of interest or profits received or earned, , 
Bate and amount of each semi-annual dividend ) 2A per cent., 
for the previous year, j 2 per cent., 



:I 



$128,732 78 
53,149 30 
41,431 65 



240 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest; 

$25,000, 4£ per cent. ; $156,000, 5 per cent. ; $127,700, 51 per cent. ; 

$324,925, 6 per cent.; $64,580, 6£ per cent.; $390,919.79, 7 per 

cent. ; $1,450, 7^ per cent. ; $26,650, 7£ per cent. ; $10,000, 8 per 

cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 249 

Aggregate amount of the same, $265,424 79 

Number of open accounts, 6,360 

Number and amount of deposits received for previous year, 1,601 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 125 

Number and amount of withdrawals, .... 3,577 
Number of accounts opened during the previous year, . . 362 
Number of accounts closed during the previous year, . . 636 
Amount of expenses of corporation during previous year, about, . 

Amount of treasurer's bonds, 

Date of examination by commissioner : Sept. 2. 



137,855 65 

59,866 96 
337,978 29 



6,000 00 
20,000 00 



Public Funds. 



4 




Estimated 






Par Value. 


Market Value. , 


Amount Invested. 


United States bonds, 6s 1881, . 


$70,000 


$75,600 00 


$70,000 00 


State bonds : — 








State of Maine, . . ■ . 


18,000 


20,160 00 


17,705 00 


of Rhode Island^ . 


12,000 


13,200 00 


12,000 00 


City and town bonds : — 








City of Salem, ..... 


10,000 


11,100 00 


10,000 00 


of Cambridge, . 




7,000 


7,700 00 


7,000 00 


of Hartford, Conn., j 




5,000 


5,500 00 


4,662 50 


of Portland, Me., 




11,100 


11,877 00 


11,100 00 


of Meriden, Conn., . 




25,000 


28,750 00 


26,250 00 


of Newbury port, 




5,000 


5,400 00 


5,000 00 


of New London, Conn., 




50,000 


58,500 00 


50,000 00 


of Holyoke, 




50,000 


54,500 00 


46,750 00 


of Fall River, . 




60,000 


62,000 00 


57,845 00 


of Lawrence, . 




30,000 


33,000 00 


28,425 00 


of New Bedford, 




10,000 


11,200 00 


10,000 00 


of Lynn, . 




13,000 


14,300 00 


12,983 75 


of Bangor, Me., 




6,000 


6,300 00 


6,000 00 


Town of Plymouth, . 




11,000 


11,770 00 


" 11,000 00 


of West Springfield 




25,000 


25,250- 00 


25,000 00 


of Franklin, . 




10,000 


10,^00 00 


10,000 00 


Bank Stock. 


State Nat'l Bank, Boston, 


$13,000 


$14,300 00 


$13,000 00 


Merchants' Nat'l Bank, Boston, 


22,500 


28,125 00 


21,375 00 


Plymouth Nat'l Bank, Plymouth, 


17,440 


18,212 00 


17,440 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Bank Stock — Concluded. 



241 



Par Value. 



Estimated 
Market Value. 



Old Colony Nat'l Bank, Plymouth, . 
Bristol County Nat'l Bank, Taunton, 
Hingham Nat'l Bank, Hingham, 
Market Nat'l Bank, Boston, . 
Traders' Nat'l Bank, Boston, . 
City Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
North Nat'l Bank, Boston, 
Massachusetts Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Atlantic Nat'l Bank, Boston, . 
Eagle Nat'l Bank, Boston, 
Old Boston Nat'l Bank, Boston, 
New England Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Exchange Nat'l Bank, Boston, 
Abington Nat'l Bank, Abington, 
Commerce Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Railroad Nat'l Bank, Lowell, . 
Globe Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, 
Union Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
Blackstone Nat'l Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Revere Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Commonwealth Nat'l Bank, Boston 
Third Nat'l Bank, Springfield, 
Manufacturers' Nat'l Bank, Boston 
First Ward Nat'l Bank, Boston, 
Home Nat'l Bank, Brockton, . 



$26,200 

17,100 

4,200 

12,800 

8,000 

8,400 

6,200 

900 

8,500 

27,000 

19,500 

4,100 

8,000 

5,450 

8,600 

7,000 

10,600 

1,500 

14,400 

12,000 

11,000 

2,900 

2,800 

9,300 

10,000 

23,400 

5,300 

13,900 

11,200 

4,800 

4,200 

5,400 

12,000 

18,800 

10,000 

10,000 

10,000 

10,000 

10,000 



$32,750 00 

23,940 00 

4,200 00 

11,520 00 

7,200 00 

8,980 00 

6,820 00 

1,080 00 

8,840 00 

35,640 00 

19,305 00 

5,125 00 

8,240 00 

6,649 00 

11,266 00 

7,280 00 

14,310 00 

1,875 00 

11,376 00 

12,000 00 

12,100 00 

2,465 00 

2,548 00 

9,765 00 

12,600 00 

25,740 00 

. 5,406 00 

12,371 00 

10,976 00 

4,560 00 

5,544 00 

5,616 00 

12,000 00 

23,312 00 

9,000 00 

14,000 00 

8,600 00 

7,750 00 

9,000 00 



Amount Invested. 



50 
00 
00 
00 
00 
00 
00 
00 



$26,200 00 
17,100 00 

4,200 00 
10,240 00 

6,800 00 

8,400 00 

6,200 00 
900 00 

8,500 
27,000 
177,45 

4,100 

8,000 

5,450 

8,600 

7,000 
12,190 00 

1,500 00 
11,520 00 
12,000 00 
11,000 00 

2,494 00 

2,632 00 

8,950 00 
10,000 00 
23,400 00 

5,300 00 
12,788 00 
10,080 00 

3,712 00 

4,200 

5,022 
11,760 
18,800 

8,900 
10,000 

8,600 

8,300 



00 
00 
00 
00 
00 
00 
00 
00 
10,000 00 



Railroad Bonds. 



Old Colony Railroad bonds, 


$20,000 


$21,000 00 


$21,075 00 


Cheshire Railroad bonds, 


15,000 


15,000 00 


14,280 00 


Lowell Railroad bonds, . 


30,000 


31,200 00 


30,000 00 


Boston and Maine Railroad bonds, . 


10,000 


11,600 00 


10,000 00 


Boston and Albany Railroad bonds, 


50,000 


59,000 00 


50,000 00 


Eastern Railroad bonds, . 


11,000 


7,920 00 


5,000 00 



31 



242 



BANK COMMISSIONERS' REPORT. 



[Jan. 



PROVIDENT INSTITUTION FOR SAVINGS IN THE TOWN OF 
BOSTON — BOSTON. 

Incorporated Dec. 13, 1816. Number of corporators, 138. 

James S. Amory, President. Treasurer, Charles J. Morrill. 



Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$18,647,754 95 


Public funds, .... 


$2,200,000 00 


Earnings, undi- 




Loans on public funds, . 


966,000 00 


vided, 


46,638 79 


Bank stock, .... 


1,095,000 00 


Suspense, . 


10,402 85 


Loans on bank stock, 


24,000 00 


Guaranty fund, . 


50,000 00 


Railroad bonds, 


584,000 00 






Real estate, .... 


80,000 00 






Real estate by foreclosure, 


55,259 43 






Loans on real estate, 


6,881,612 00 






Loans on personal security, . 


4,542,429 10 






Loans to counties, cities, or 








towns, 


1,196,800 00 






Deposits in banks on interest, 


953,761 35 






Loans on city bonds, 


146,000 00 






Expense account, 


13,045 54 






Taxes paid on real estate, 


1,779 84 






Cask on band, .... 


15,109 33 




$18,754,796 59 


$18,754,796 59 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $966,000, . 



$966,000 00 



Loans on Bank Stock, amount on each : — 
On 100 shares Tremont National Bank, Boston, .... $9,000 00 
On 128 shares Continental National Bank, Boston, .... 11,000 00 
On 30 shares Merchants' National Bank ; 20 shares Bank of Com- 
merce, New Bedford, 4,000 00 

Cash on Deposit in Banks : — 

Merchants' National Bank, Boston, $394,740 15 

Atlas National Bank, Boston, 111,039 12 

Commerce National Bank, Boston, 218,286 19 

Suffolk National Bank, Boston, . 27,514 14 

Webster National Bank, Boston, 23,959 36 

Third National Bank, Boston, ......... 82,496 29 

First National Bank, Boston, 45,726 10 

Revere National Bank, Boston, 50,000 00 

Amount invested in real estate, $80,000 00 

Assessed value of the same, 175,700 00 

Amount of real estate by foreclosure, . , . ... . 55,259 43 

Assessed value of the same, 52,100 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



243 



Whole amount of interest or profits received or earned, . . . $987,262 65 
Rate and amount of each semi-annual dividend \ 2 per cent., . ( 366,550 72 

for the previous year, f 2 per cent., .(347,780 33 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6 per cent. 
The total amount of loans, with each specified rate of interest: 

$600,000, 3 percent. ; $50,000, 3£ percent. ; $864,000, 3£ per cent. ; 

$200,000, 3f per cent. ; $754,500, 4 per cent. ; $2,017,500, 4% per 

cent. ; $4,976,250, 5 per cent. ; $840,333, 5i per cent. ; $186,000, 

5f percent. ; $2,931,052.27,6 per cent.; $130,000, 6£ per cent.; 

$2,921,959, 7 per cent. ; $69,246.83, 7f per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . . . . . . 36 

Aggregate amount of the same, 81,400 00 

Number of open accounts, 45,442 

Number and amount of deposits received for previous year, 35,936 4,266,519 05 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, ..... 3,273 1,793,482 00 
Number and amount of withdrawals, .... 36,698 4,780,247 96 
Number of accounts opened during the previous year, . 10,066 
Number of accounts closed during the previous year, . 7,703 
Amount of expenses of the corporation during previous year, . 39,296 23 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner: Dec. 5. 



Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 5 per ct. 1881, 
" " " 4^- per cent., . 



$900,000 
1,300,000 



$941,625 00 
1,350,375 00 



$900,000 00 
1,300,000 00 



Bank Stock. 



"Washington Nat'l Bank, Boston, 
Atlantic Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Old Boston Nat'l Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
City Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Hide and Leather Nat'l B'k, Boston 
Massachusetts Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 



$33,700 
21,500 
67,500 
35,000 
42,800 
66,800 
31,500 
45,000 
31,500 
33,700 
22,500 
22,500 
75,000 



$42,125 00 


27,036 


00 


73,336 


00 


38,500 


00 


52,682 


00 


62,780 


00 


33,705 


00 


45,844 00 


26,775 


00 


34,458 25 


23,062 


50 


24,131 


25 


93,750 


00 



$33,700 00 
21,500 00 
67,500 00 
35,000 00 
42,800 00 
66,800 00 
31,500 00 
45,000 00 
31,500 00 
33,700 00 
22,500 00 
22,500 00 
75,000 00 



244 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Market Nat'l Bank, Boston, . 


$52,000 


$47,450 00 


$52,000 00 


New England Nat'l Bank, Boston, . 


23,900 


31,368 75 


23,900 00 


North Nat'l Bank, Boston, 


36,000 


40,500 00 


36,000 00 


Revere Nat'l Bank, Boston, 


30,000 


30,000 00 


30,000 00 


Second Nat'l Bank, Boston, 


64,000 


8,688 00 


64,000 00 


State Nat'l Bank, Boston, 


43,900 


50,063 25 


43,900 00 


Suffolk Nat'l Bank, Boston, . 


45,000 


49,500 00 


45,000 00 


Shoe and Leather Nat'l B'k, Boston, 


50,000 


50,125 00 


50,000 00 


Tremont Nat'l Bank, Boston, . 


90,000 


89,775 00 


90,000 00 


Union Nat'l Bank, Boston, 


31,200 


39,468 00 


31,200 00 


Webster Nat'l Bank, Boston, . 


100,000 


98,250 00 


100,000 00 



Railroad Bonds. 



Old Colony and Newport R.R. bonds, 
Eastern Railroad certificates of in- 
debtedness, . 
Boston and Albany Railroad, 6s, '95, 



$250,000 

265,000 
100,000 



$265,000 00 

188,812 00 
108,000 00 



$250,000 00 

234,000 00 
100,000 00 



1879.] 



PUBLIC DOCUMENT— No. 8. 



245 



PROVIDENT INSTITUTION FOR SAVINGS IN THE TOWNS OF SALIS- 
BURY AND AMESBURY— SALISBURY. 

Incorporated 1828. Number of corporators, 16. 
Stephen Woodman, President. Treasurer, Alfked C. Webster 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,240,514 92 


Public funds, .... 


$566,500 00 


Earnings, undi- 




Loans on jrablic funds, . 


1,000 00 


vided, 


46,884 44 


Bank stock, .... 


142,325 00 


Guaranty fund, . 


13,279 72 


Railroad bonds, 


62,000 00 






Loans on railroad bonds, . 


4,000 00 






Real estate, .... 


2,500 00 






Real estate bv foreclosure, 


5,668 04 






Loans on real estate, 


245,650 00 






Loans on personal security, . 


146,400 00 






Loans to counties, cities, or 








towns, 


103,000 00 






Deposit in bank on interest, . 


17,900 21 






Expense account, 


979 62 






Casb on hand, .... 


2,756 21 




$1,300,679 08 


$1,300,679 08 



Loans on Public Funds, amount on each : — 
On 1 United States and 1 State of Maine bond, par value $500 each, 

Loans on Railroad Bonds : — 
Eastern Railroad, $4,000, 3£ per cent., with three-name paper, 

Cash on Deposit in Bank : — 
Powow River National Bank, Salisbury, .... 



Amount invested in real estate, . 
Estimated value of the same, 
Amount of real estate by foreclosure, 
Estimated value of the same, 



$1,000 00 



$4,000 00 



$17,900 21 

$2,500 00 
5,000 00 
5,668 04 
5,668 04 



.147 45 
25,840 21 
24,776 38 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent 

for the previous year, \ 2 per cent 

Times for the dividends fixed by the by-laws : third Wednesday of 

April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend: 6^ per cent. 
The total amount of loans, with each specified rate of interest: 

$30,000, 5 per cent. ; $23,000, 5f per cent. ; $135,800, 6 per cent. ; 
T,600, 6£ per cent. ; $244,050, 7 per cent. ; $3,500, 7^ per cent. ; 
5,300, 7£ per cent. ; $2,800, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 293 

Aggregate amount of the same, 290,550 00 



246 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of open accounts, 

Number and amount of deposits received for previous year, 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner: Dec. 20. 



3,731 




1,072 


$105,956 16 


108 


58,293 00 


2,238 


243,661 17 


260 




515 





2,174 69 



Public 


; Funds. 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 6s 1881, reg'd, 


120,000 


$24,200 00 


$20,000 00 


" " " 5-20s '67, reg'd, 


60,000 


63,600 00 


60,000 00 


" " " currency, 6s' 81, 


25,000 


27,000 00 


25,000 00 


State bonds: — 








State of New Hampshire 6s, . 


10,000 


11,300 00 


10,000 00 


of Rhode Island 6s, 


10,000 


11,200 00 


10,000 00 


'of Maine 6s, . 


21,000 


23,100 00 


21,000 00 


City and town bonds : — 








City of Springfield 6s, 


10,000 


11,000 00 


10,000 00 


of Boston gold 5s, . 




5,000 


5,000 00 


5,000 00 


of Lawrence 6s, 




5,000 


5,500 00 


5,000 00 


of Fall River 6s, 




20,000 


22,000 00 


20,000 00 


of Somerville 6Js, 




40,000 


43,200 00 


40,000 00 


of Chelsea 6s, . 




65,000 


70,000 00 


65,000 00 


of Cambridge 6s, 




25,000 


28,000 00 


25,000 00 


of Charlestown 6s, . 




30,000 


33,000 00 


30,000 00 


of Portsmouth, N.H., 6s, 




5,000 


5,300 00 


5,000 00 


of Manchester, N.H., 6s, 




15,000 


16,200 00 


15,000 00 


of Augusta, Me., 6s, 




10,000 


10,600 00 


10,000 00 


of Lewiston, Me., 6s, 




10,000 


10,600 00 


10,000 00 


of Bangor, Me., 6s, . 




45,000 


47,400 00 


45,000 00 


of Portland, Me., 6s, 




40,000 


40,800 00 


40,000 00 


of Belfast, Me., 6s, . 




15,000 


15,000 00 


15,000 00 


of Rockland, Me., 6s, 




. 20,000 


15,000 00 


20,000 00 


of Bath, Me., 6s, . 




20.000 


20,000 00 


20,000 00 


of Dover, N.H., 6s, . 




5,000 


5,300 00 


5,000 00 


Town of Hyde Park 6s, . 




10,000 


10,400 00 


10,000 00 


of Holyoke 6s, 




5,000 


5,500 00 


5,000 00 


of Amesbury 5s, . 




10,500 


10,500 00 


10,500 00 


of Wiscasset, Me., 6s, . 


10,000 


9,500 00 


10,000 00 



Bank Stock. 



Union Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Faneuil Hall Nat'l Bank, Boston, 
Old Boston Nat'l Bank, Boston, 




$2,500 00 
6,000 00 
2,600 00 
2,150 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



247 



Bank Stock — Concluded. 



Par Value. 



Estimated 
Market "Value. 



Amount Invested. 



Commerce Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Eagle Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Hide and Leather Nat'l Bank, Boston 
Redemption Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Exchange Nat'l Bank, Boston, ' 
Revere Nat'l Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Commonwealth Nat'l Bank, Boston 
Tremont Nat'l Bank, Boston, . 
State Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, . 
Eirst Ward Nat'l Bank, Boston, 
Atlantic Nat'l Bank, Boston, ., 
New England Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Traders' Nat'l Bank, Boston, . 
City Nat'l Bank, Boston, 
Shoe and Leather Nat'l Bank, Boston 
Webster Nat'l Bank, Boston, . 
Maverick Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
First Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Powow River, Nat'l Bank, Salisbury 
Railroad Nat'l Bank, Lowell, . 
Bay State Nat'l Bank, Lawrence, 
Georgetown Nat'l Bank, Georget'n, 



$4,000 
3,500 
5,700 
3,500 
4,000 
7,500 
5,000 
2,500 
7,500 
5,000 
7,500 
3,500 
5,000 
4,900 
3,500 
1,800 
4,900 
5,000 
2,200 
1,500 
3,000 
1,800 
1,000 
2,500 
4,000 
2,000 
4,200 
1,500 
3,500 
5,000 
4,200 
3,375 
5,000 



$3,200 00 


$4, 


4,375 00 


3, 


6,099 00 


5, 


3,570 00 


3, 


4,160 00 


4, 


7,575 00 


7, 


6,000 00 


5, 


2,075 00 


2, 


8,250 00 


7, 


6,700 00 


5, 


7,350 00 


7, 


4,620 00 


3, 


4,450 00 


5, 


4,949 00 


4, 


3,850 00 


3, 


2,358 00 


1, 


4,949 00 


4, 


3,850 00 


5, 


2,750 00 


2, 


1,965 00 


1, 


3,720 00 


3, 


1,620 00 


1, 


1,070 00 


1, 


2,500 00 


2, 


3,680 00 


4, 


2,800 00 


2, 


3,990 00 


4, 


2,535 00 


1, 


3,570 00 


3, 


7,500 00 


5, 


4,600 00 


4, 


4,200 00 


3, 


5,000 00 


5, 



,000 00 
,500 00 
,700 00 
,500 00 
,000 00 
,500 00 
,000 00 
,500 00 
,500 00 
,000 00 
,500 00 
,500 00 
,000 00 
,900 00 
,500 00 
,800 00 
,900 00 
,000 00 
,200 00 
,500 00 
,000 00 
,800 00 
,000 00 
,500 00 
,000 00 
,000 00 
,200 00 
,500 00 
,500 00 
,000 00 
,200 00 
,375 00 
,000 00 



Railroad Bonds. 



Eastern Railroad bonds, 3^-s, . 
Boston and Albany R.R. bonds, 7s, . 
Boston and Maine R.R. bonds, 7s, . 
West Amesbury Br'h R.R. bonds, 7s, 



$42,000 

10,000 

5,000 

5,000 



$29,400 00 

11,800 00 

5,800 00 

5,500 00 



$42,000 00 

10,000 00 

5,000 00 

5,000 00 



IMS 



BAXK COMMISSIONERS' REPORT. 



[Jan. 



QUINCY SAYINGS BAXK — QUINCY. 
Incorporated March. 1845. Number of corporators, 45. 

Israel W. Munbob, P zsident. Treasurer, George L. Gill. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,066,840 82 


Public funds 


$145,000 00 


Earnings, undi- 




Loans on public funds, . 


2.o0n 00 


vided, 


1.3,154 31 


Bank stock 


94,059 49 


Guaranty fund.. 


8,500 00 


Loans on hank stock, 


2.000 00 






Leal estate by foreclosure, 


57,900 (^ 






Loans on real estate. 


672,905 03 






Loans on personal security, . 


42.210 31 






Deposit in hank on interest. . 


12.212 62 






Expense account. 


220 40 






"Premium account, . 


17.002 50 






Taxes. &C 


6,434 25 






Interest accrued. 


34,682 7S 






Cash on hand, .... 


2,695 00 




11,090,495 13 


$1,090,495 13 





Loans on Public Funds, amount on each: — 
On United States bonds. 

Loans on Bank Stock, amount on each: — 
On 10 shares Mount VTollaston National Bank, Quinoy, 
On 20 shares Manufacturers 3 National Bank. Quincy, 

Cash on Deposit in Bank: — 
National Granite Bank, Quincy. .... 



82.500 00 



$1,100 00 
1.500 00 



Amount of real estate by foreclosure, 
Estimated value of the same. 



$12,212 62 

157,900 00 

59.600 00 



Whole amount of interest or profits received or earned. . . . $61,055 19 
Bate and amount of each semi-annual dividend [ 2 per cent.. . . ( 24,158 7S 

for the previous year. . . ... . I 2 per cent.. . .1 20,828 46 

Times for the dividends fixed by the by-laws : first Tuesday of April 

and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend: TJ per cent. 
The total amount of loans, with each specified rate of interest : 

$2,000, 4 per cent.: $14,000, 5 per cent.; $141,000. 6 per cent.; 

$488,297.03, 7 per cent.: $80,000, 7 T % per cent.: $23,000. 74 per 

cent. ; $12,000. S per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 249 

Aggregate amount of the same, 267,921 00 

> umber of open accounts 3,289 

Number and amount of deposits received for previous year. 1.453 10S,S45 69 



1879.] 



PUBLIC DOCUMENT — No. 8. 



249 



Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 93 $50,681 00 

Number and amount of withdrawals, . . . • . 2,744 385,846 34 

Number of accounts opened during the previous year, . . 241 

Number of accounts closed during the previous year, . . 527 

Amount of expenses of the corporation during previous year, ' . 3,060 00 

Amount of treasurer's bonds, 30,000 00 

Date of examination by commissioner : May 4. 



Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 

City bonds : — 
City of Lawrence, . 



$140,000 



5,000 



$151,200 00 



5,400 00 



$140,000 00 



5,000 00 



Bank Stock. 



Washington Nat'l Bank, Boston, 


$800 


$1,000 00 


$844 00 


Hide and Leather Nat'l Bank, Boston, 


1,500 


1,515 00 


1,500 00 


Eliot Nat'l Bank, Boston, 


1,700 


1,632 00 


1,706 20 


Exchange Nat'l Bank, Boston, 


2,000 


2,700 00 


2,475 33 


Webster Nat'l Bank, Boston, . 


2,000 


1,860 00 


2,000 00 


Boston Nat'l Bank, Boston, 


3,300 


2,970 00 


3,338 08 


Atlas Nat'l Bank, Boston, 


3,700 


4,070 00 


3,806 25 


Merchants' Nat'l Bank, Boston, ' 


2,500 


3,125 00 


2,657 50 


State Nat'l Bank, Boston, 


2,600 


2,860 00 


2,800 00 


North Nat'l Bank, Boston, 


3,000 


3,360 00 


3,450 00 


Traders' Nat'l Bank, Boston, . 


3,500 


3,150 00 


3,555 00 


North America Nat'l Bank, Boston, 


6,700 


6,568 00 


6,925 00 


Republic Nat'l Bank, Boston, ,. 


7,500 


9,375 00 


9,600 00 


Granite Nat'l Bank, Quincy, . 


10,000 


12,500 00 


10,605 38 


Mount Wollaston Nat'l Bank, Quincy, 


10,000 


12,500 00 


10,600 00 


Manufacturers' Nat'l Bank, Boston, 


25,500 


21,930 00 


26,205 00 


Revere Nat'l Bank, Boston, 


1,800 


1,782 00 


1,991 75 



32 



250 



BANK COMMISSIONERS' REPORT. 



[Jan. 



RANDOLPH SAVINGS BANK— RANDOLPH. 
Incorporated April, 1851. Number of corporators, 66. 

J. White Belcher, President. Treasurer, Seth Turner. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$716,511 01 


Public funds, .... 


$101,000 00 


Earnings, undivided, 


16,277 08 


Loans on public funds, . 


300 00 


Guaranty fund, 


7,963 24 


Bank stock, .... 


260,458 61 






Railroad bonds, ... 


110,000 00 






Real estate by foreclosure, 


11,551 83 






Loans on real estate, 


187,350 00 






Loans on personal security, . 


14,600 00 






Loans on railroad stock, . 


500 00 






Loans to counties, cities, or 








towns, 


34,000 00 






Deposit in banks on interest, . 


19,680 83 






Randolph National Bank, 


367 92 






Cask on band, .... 


972 14 




$740,781 33 


$740,781 33 



Loan on Public Funds : — 
On United States bonds, . 



$300 00 



Loan on Railroad Stock : — 
On 5 shares Old Colony and Newport Railroad, 

Cash on Deposit in Banks : — 
Randolph National Bank, Randolph, 
Shoe and Leather National Bank, Boston, 

Amount of real estate by foreclosure, 
Estimated value of the same, .... 



Whole amount of interest or profits received or earned, . 
Rate and amount of one dividend for the previous year (2 per cent.), 
Times for the dividends fixed by the by-laws : April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend: 6^- per cent. 
The total amount of loans, with each specified rate of interest: 

$14,800, 6 per cent. ; $38,400, 6£ per cent. ; $64,450, 7 per cent. ; 

$33,550, 7i per cent. ; $500, 7^ per cent. ; $19,450, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .84 

Aggregate amount of the same, 

Number of open accounts, , 1,990 

Number and amount of deposits received for previous year, . 551 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 45 

Number and amount of withdrawals, . . . . 1,224 



$500 00 



$367 92 
19,680 83 

$11,576 13 
12,000 00 

$45,303 42 
14,345 93 



99,650 00 

52,219 78 

25,477 00 
185,290 11 



1879.] 



PUBLIC DOCUMENT — No. 8. 



251 



Xumber of accounts opened during the previous year, . . 144 
Xuniber of accounts closed during the previous year, . . % _ 
Amount of expenses of the corporation during pr: iar, 

Amount of treasurers bonds. lo.OO- 

Date of examination by commissioner: Oct. 15. 



Public Ftjitds. 



E 



Par Value. ; 


3Iarket Value. 


l±.—'.--i.*Z."-.".--!. 


$46,000 
39,00C 

5.000 
5.000 


848.545 00 

4i,34« .. 

5,oo : : : 


>-*o.o;: oo 
. . o; 

5.0. 

c.oo: ;■; 


1.000 

- : o : 


1.130 00 

5.200 00 


1,00C 



United States bonds. 


5s. . 


. 


it u a 


fe, • 


. 


It (i (I 


4^3, 


. 


(1 U K 


4«,. 


• 


State bonds : — 






State of Xevr Hamp= 


>hire. 


. 


of Maine, 


• 


• 



Ba>~e Stock. 



Atlantic Nat'l Bank, Boston, . 


59.7C : 




75 


$12,562 5( 


Atlas Xat ; l Bank. Boston. 


5. . : 


5.512 


: 


5,835 37 


Blackstone Xat'l Bank, Boston, 




),215 


:: 


12.000 00 


Boston Nat'l Bank. Boston. 


5.000 


4,450 


:: 


5 7 Si 


Blue Hill Nat'l Bank. Boston, . 


2.500 


2,250 


: 


3,018 75 


Central Nat'l Bank. Boston, . 


i." : 


§ 247 


75 


_ - . : . ; 


City Xat ; l Bank, Boston, 


5.c ; : 


-..;-; 


00 


5,365 . 


Commonwealth Nat'l Bank. Boston, 




5,622 


00 


6,561 


Continental 2STat T l Bank. Boston, 


5,C ] 


4.250 


:: 


: . : . : : 


Commerce Nat'l Bank, Boston, 


J,900 


m 


-:: 


10.300 12 


Eagle Xat'l Bank. Boston, 


5.000 


5,150 


:: 


'. 136 87 


Eliot Nat'l Bank. Boston, 


2.000 


1.940 


00 


_ . 


Everett Nat'l Bank. Boston, . 


:: .i: : 




:: 


11.004 7-: 


Exchange Xat ? l Bank. Boston, 


2.700 




25 


4 04 00 


Freeman's Nat'l Bank, Boston, 


2,500 


2,262 


'/ 


3.346 00 


Hamilton Xat ? l Bank. Boston. 


5.000 


5,10C 


00 


5,762 " 


Hide and Leather Nat'l Bank. Boston. 


5,000 


" 


:. 


'. _ . :: 


Howard Nat'l Bank. Boston. . 


4.600 


4,786 




4,993 ": 


Merchandise Nat'l Bank. Boston. 


;." . 


594 


": 


3,700 00 


Manufacturers' 2Sat'lBank. Boston. 


4,000 


3.440 00 


4 403 12 


Market ZSat'l Bank. Boston. . 


7.500 


5,768 


75 


b,02S . : 


Metropolitan Xat'l Bank. Boston, . 


l'.'. 


487 


50 


502 15 


Merchants' Xat'l Bank. Boston. 


is.: 


18,75( 


00 


IP. _ . 


New England Xat'l Bank. Boston. . 


5,( 


" \ 


' 


5,51! 


Xorth Xat'l Bank. Boston. 


".' 


7.^75 


00 


A 13 


North America Nat'l Bank. Boston, 


: jOO . 


".::: 


00 


5 -: ~ * : 


Redemption Xat ? l Bank. Boston. 


15.000 


IS. 000 


00 


10.-55 00 


Revere Natl Bank. Boston. 


3.700 


700 00 


3.: : 



252 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Shawmut Nat'l Bank, Boston, 


$3,000 


$3,142 50 


$3,245 25 


Shoe and Leather Nat'l B'k, Boston, 


10,500 


10,526 25 


13,795 60 


State Nat'l Bank, Boston, 


4,600 


5,094 50 


4,876 00 


Third Nat'l Bank, Boston, 




2,500 


2,075 00 


3,331 25 


Tremont Nat'l Bank, Boston, 




5,000 


4,925 00 


5,000 00 


Traders' Nat'l Bank, Boston, . 




2,500 


2,250 00 


2,500 00 


Union Nat'l Bank, Boston, 




2,500 


3,150 00 


3,681 25 


Webster Nat'l Bank, Boston, 




1,000 


932 50 


1,000 00 


Home Nat'l Bank, Brockton, 




5,000 


4,500 00 


5,000 00 


Central Nat'l Bank, Lynn, 




9,700 


12,028 00 


13,822 50 


City Nat'l Bank, Lynn, . 




5,000 


6,500 00 


6,578 12 


Union Nat'l Bank, Weymouth 




1,300 


1,300 00 


1,300 00 


Taunton Nat'l Bank, Taunton 




2,500 


3,300 00 


2,500 00 



Railroad Bonds. 



Bostpn and Maine Railroad bonds, . 
Old Colony and Newport R.R. bonds, 
Eastern Railroad bonds, . 
South Shore Railroad bonds, . 




$11,600 00 

63,600 00 

26,625 00 

2,650 00 



$10,000 00 

60,000 00 

37,500 00 

2,500 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



253 



READING SAYINGS BANK — RE ADING. 

Incorporated July 14, 1869. Number of corporators, 23. 

Francis 0. Dewey, President. Treasurer, Nathan P. Pratt. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Bills payable, . 


$148,459 24 
6,801 32 
1,588 50 
6,000 00 


Public funds, .... 

Bank stock, .... 

Loans on real estate, 

Loans on personal security, . 

Expense account, 

Accrued interest, 

Deposits in banks, . 

Cash on hand, .... 


$1,000 00 

13,800 00 

111,957 00 

24,077 48 

1,131 20 

6,232 75 

2,901 91 

1,748 72 




$162,849 06 


$162,849 06 



Cash on Deposit in Banks : — 
Blackstone National Bank, . 
Faneuil Hall National Bank, 



:l 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2£ per cent., 

for the previous year, ) 2-J per cent., 

Times for the dividends fixed by the by-laws : May and November. 
The total amount of loans, with each specified rate of interest: 

$3,000, 7 per cent. ; $99,711, 7 t 3 q per cent. ; $2,700, 7£ per cent. ; 

$30,623.48, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 169 

Aggregate amount of the same, 

Number of open accounts, 690 

Number and amount of deposits received for previous year, . 331 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 9 

Number and amount of withdrawals, 639 

Number of accounts opened during the previous year, . . 49 
Number of accounts closed during the previous year, . . 132 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: Nov. 13. 



$2,049 53 
852 38 

$13,381 38 
4,339 86 
3,890 40 



118,534 48 
16,874 70 

5,553 33 

54,866 75 



1,131 2o 
10,000 00 



Public Funds. 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Portland, Me., bond, . 


$1,000 


$1,060 00 


1,000 00 



Bank Stock. 






State Nat'l Bank, Boston, 


$400 


$444 00 


$400 00 


Hide and Leather Nat'l Bank, Boston, 


4,000 


4,120 00 


4,000 00 


Continental Nat'l Bank, Boston, 


2,500 


2,250 00 


2,500 00 


Chelsea Nat'l Bank, Chelsea, . 


5,000 


5,250 00 


5,000 00 


Commonwealth Nat'l Bank, Boston, 


1,900 


1,790 00 


1,900 00 



254 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ROCKLAND SAYINGS BANK — ROCKLAND. 

Incorporated March 30, 1868. Number of corporators, 44. 
Richmond J. Lane, President. Treasurer, E. R. Studlet. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undivided, 
Guaranty fund, 



$333,233 05 
2,191 95 
2,000 00 



$337,425 00 



Bank stock, 

Loans on bank stock, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, .... 
Unsettled insurance, 
Deposit in bank on interest, 
Expense account, 
Profit and loss, . 
Cash on band, . 



$74,203 22 
2,750 00 
7,000 00 

206,744 62 
24,860 12 

13,500 00 

88 50 

6,677 06 

296 23 

879 75 

425 50 

$337,425 00 



Loans on Bank Stock, amount on each : — 
On 21 shares Granite National Bank, Quincy, . 
On 6 shares Abington National Bank, Abington, 



$2,200 00 
550 00 



Cash on Deposit in Bank: — 
Abington National Bank, Abington, 



$6,677 06 



Amount of real estate by foreclosure, 
Estimated value of the same, 



§7,000 00 
7,000,00 



Whole amount of interest or profits received or earned, . . . $23,492 40 
Rate and amount of each semi-annual dividend ) 2 per cent., . . ( 8,866 61 

for the previous year, J 2 per cent., . . ( 6,643 39 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend: 7^ per cent. 
The total amount of loans, with each specified rate of interest: 

$29,700, 6 per cent. ; $2,000, 6$ per cent. ; $215,244, 7 per cent. ; 

$910, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . .251 

Aggregate amount of the same, 158,354 00 

Number of open accounts, 1,468 

Number and amount of deposits received for previous year, . 500 47,2S0 02 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 34 19,258 00 

Number and amount of withdrawals, 784 87,403 22 



1879.] 



PUBLIC DOCUMENT — No. 8. 



255 



Number of accounts opened during the previous year, . . 125 
Number of accounts closed during the previous year, . . 149 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Oct. 17. 



$880 00 
10,000 00 



Bank Stock. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Hide and Leather Nat'l B'k, Boston, 


$4,500 


$4,567 50 


$4,832 50 


State Nat'l Bank, Boston, 


8,500 


9,350 00 


9,369 25 


Eliot Nat'l Bank, Boston, 


1,000 


960 00 


1,112 75 


Market Nat'l Bank, Boston, . 


4,800 


4,368 00 


5,577 25 


Continental Nat'l Bank, Boston, 


6,700 


5,360 00 


7,675 00 


Revere Nat'l Bank, Boston, 


7,300 


7,227 00 


8,673 75 


Webster Nat'l Bank, Boston, . 


2,000 


1,865 00 


2,186 60 


Howard Nat'l Bank, Boston, . 


6,700 


6,968 00 


7,428 50 


Atlantic Nat'l Bank, Boston, . 


4,000 


5,040 00 


5,400 25 


Traders' Nat'l Bank, Boston, . 


6,600 


5,940 00 


7,074 00 


Freeman's Nat'l Bank, Boston, 


2,500 


2,250 00 


3,125 00 


Manufacturers' Nat'l Bank, Boston, 


3,500 


2,975 00 


3,640 00 


Everett Nat'l Bank, Boston, . 


1,500 


1,425 00 


1,831 87 


Merchandise Nat'l Bank, Boston, . 


5,200 


4,784 00 


5,316 00 


Metropolitan Nat'l Bank, Boston, . 


1,000 


980 00 


960 00 



256 



BANK COMMISSIONERS' REPORT. 



[Jan. 



SALEM FIVE CENTS SAYINGS BANK — SALEM. 

Incorporated 1855. Number of corporators, 154. 

Henry L. Williams, President. Treasurer, Charles H. Henderson. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 



$2,075,997 20 

40,001 08 
24,000 00 



}, 139,998 28 



Public funds, 
Loans on public funds, . 
Bank stock, 
vJReal estate by foreclosure, 
Loans on real estate, 
Loans on personal security, 
Loans to counties, cities, 

towns, .... 
Deposit in bank on interest, 
Cash on band, . 



or 



$399,200 00 

5,300 00 

567,288 16 

57,113 62 

946,026 00 

4,200 00 

90,000 00 

69,000 00 

1,870 50 

$2,139,998 28 



Loans on Public Funds, amount on each : — 
On United States bonds, par value $2,300, 
On city of Boston bonds, par value $2,000, 
On State of Massachusetts bonds, par value $1,000, 

Cash on Deposit in Bank: — 
Asiatic National Bank, Salem, . 



Amount of real estate by foreclosure, . . . .. . 

Estimated value of the same, 

Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend > 2| per cent., 

for the previous year, ) 2 per cent., 

Times for dividends fixed by the by-laws : February and August. 
The total amount of loans, with each specified rate of interest: 

$68,500, 6 per cent. ; $74,400, 6i per cent. ; $313,310, 7 per cent. ; 

$21,656, 6| per cent. ; $567,660, lj\ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . 343 

Aggregate amount of the same, 

Number of open accounts, 7,057 

Number and amount of deposits received for previous year, 3,067 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, . . . . . . 211 

Number and amount of withdrawals, .... 4,584 

Number of accounts opened during the previous year, . . 637 
Number of accounts closed during the previous year, . 1,279 

Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner: Nov. 20. 



$2,300 00 
2,000 00 
1,000 00 

$69,000 00 

$57,113 62 
56,750 00 

$132,639 32 
57,752 84 
41,666 48 



492,790 00 

236,206 29 

127,068 52 
660,784 14 



6,716 91 
25,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Public Funds. 



257 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 1881, 


$10,000 


$10,825 00 


$9,800 00 


" " " 4| per cent., . 


40,000 


41,600 00 


41,400 00 


City bonds : — 








City of Portland, Me., . 


5,000 


5,150 00 


5,000 00 


of Lewiston, Me., 






30,000 


31,400 00 


30,000 00 


of Gardiner, Me., 






10,000 


10,000 00 


10,000 00 


of Portsmouth, N.H 


> 




3,000 


3,180 00 


3,000 00 


of Salem, 






19,000 


20,090 00 


19,000 00 


of Fall River, 








50,000 


52,150 00 


50,000 00 


of Lawrence, 








35,000 


38,500 00 


35,000 00 


of Haverhill, 








10,000 


11,700 00 


10,000 00 


of Springfield, 








41,000 


49,000 00 


41,000 00 


of Lynn, . 








20,000 


20,700 00 


20,000 00 


of Somerville, 








20,000 


21,800 00 


20,000 00 


of Meriden, Conn., 






65,000 


71,195 00 


65,000 00 


of Waterbury, Conn 


> 




20,000 


23,000 00 


20,000 00 


of Hartford, Conn., 






10,000 


10,800 00 


10,000 00 


of Chelsea, Mass., 






5,000 


5,500 00 


5,000 00 


of Fitchburg, . 




5,000 


5,500 00 


5,000 00 



Bank Stock. 



Atlantic Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
City Nat'l Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Commonwealth Nat'l Bank, Boston 
Continental Nat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, . 
Faneuil Hall Nat'l Bank, Boston, 
First Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, . 
Hide and Leather Nat'l B'k, Boston 
Howard Nat'l Bank, Boston, . 
Manufacturers' Nat'l Bank, Boston 
Market Nat'l Bank, Boston, . 
Massachusetts Nat'l Bank, Boston, 
Merchandise Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Mount Vernon Nat'l Bank, Boston, 



$10,000 

10,000 

15,000 

7,900 

20,000 

8,300 

15,000 

22,000 

8,500 

11,400 

10,000 

13,300 

7,300 

3,500 

2,500 

9,100 

20,000 

7,000 

8,500 

9,700 

10,000 

2,200 

15,500 

9,000 

33,300 

5,000 



$12,550 00 


11,000 


00 


14,250 


00 


7,031 


00 


21,100 00 


8,881 


00 


19,725 


00 


17,600 


00 


7,565 00 


9,690 


00 


10,300 


00 


12,901 


00 


6,935 


00 


4,305 


00 


4,225 


00 


8,190 


00 


17,000 


00 


7,140 00 


8,755 


00 


10,088 


00 


8,600 00 


2,002 


00 


16,585 00 


8,280 


00 


41,625 00 


4,350 00 



$11,600 00 

10,758 25 

16,539 25 

8,999 57 

25,000 00 

9,169 75 

20,271 12 

22,000 00 

9,382 50 

12,390 00 

10,957 50 

9,218 00 

7,300 00 

4,581 00 

2,500 00 

10,164 00 

21,040 50 

7,900 00 

9,375 00 

10,894 50 

10,000 00 

2,200 00 

17,449 

9,000 

38,827 

5,726 



05 
00 
80 
00 



33 



258 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



New England Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Old Boston Nat'l Bank, Boston, 
Redemption Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, . 
Shoe and Leather Nat'l Bank, Boston 
Suffolk Nat'l Bank, Boston, . 
Third Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Webster Nat'l Bank, Boston, . 
Asiatic Nat'l Bank, Salem, 
Exchange Nat'l Bank, Salem, . 
First Nat'l Bank, Salem, 
Mercantile Nat'l Bank, Salem, 
Merchants' Nat'l Bank, Salem, 
Naumkeag Nat'l Bank, Salem, 
Salem Nat'l Bank, Salem, 
Union Nat'l Bank, Boston, 



$9,100 

20,000 

11,700 

6,350 

2,000 

20,400 

7,200 

5,700 

9,500 

7,500 

10,000 

10,000 

10,000 

5,000 

10,530 

10,000 

900 

15,300 

8,400 

10,900 

25,900 

4,400 



00 
00 
00 
00 
00 
00 
00 
00 



$11,921 
22,500 
11,700 

7,747 

2,400 
20,400 

9,792 

5,985 

9,500 00 

8,250 00 

8,300 00 

9,000 00 
10,000 00 

5,000 00 
12,636 00 
11,000 00 
990 00 
16,065 00 
10,080 00 
15,260 00 
27,195 00 

5,544 00 



$12,406 50 
21,621 00 
11,700 00 

8,019 00 

2,800 00 
20,400 00 

7,659 00 

6,631 50 
11,227 12 

8,197 25 
11,453 38 
10,000 00 
11,201 62 

5,000 00 

10,530 00 

10,000 00 

900 00 

16,060 

8,769 
11,958 
25,900 

6,109 



50 
75 
00 
00 
00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



259 



SALEM SAYINGS BANK — SALEM. 

Incorporated January, 1818. Number of corporators, 192. 

Benjamin H. Silsbee, President. Treasurer, Charles E. Symonds. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$5,928,513 22 


Public funds, .... 


$2,919,800 00 


Earnings, undi- 




Loans on public funds, . 


7,000 00 


vided, 


27,022 81 


Bank stock, .... 


560,550 00 


Guaranty fund, . 


89,000 00 


Real estate, .... 


75,000 00 






Real estate by foreclosure, 


77,741 00 






Loans on real estate, 


1,037,120 09 






Loans on personal security, . 


745,600 00 






Loans to counties, cities, or 








towns, 


423,100 00 


• 




Deposit in banks on interest, . 


155,000 00 






Cash on band, .... 


43,624 94 




$6,014,536 03 


$6,044,536 03 



Loan on Public Funds : — 
On city of Boston bonds, par value $7,000, gold, .... $7,000 00 

Cash on Deposit in Bank : — 
Merchants' National Bank, Salem, ....... $155,000 00 

Second National Bank, Boston, 27,640 66 

Amount invested in real estate, . . $75,000 00 

Estimated value of the same, . . . . . . . . 75,000 00 

Amount of real estate by foreclosure, . . . . . . 77,741 00 

Estimated value of the same, . 78,000 00 

Whole amount of interest or profits received or earned, . . . $342,973 04 
Bate and amount of each semi-annual dividend ) 2 per cent., . . ( 120,256 89 

for the previous year, ) 2 per cent., . . ( 115,723 46 

Times for the dividends fixed by the by-laws : third Wednesday of 

April and October. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6 per cent. 
The total amount of loans, with each specified rate of interest : 

$141,000, 3 per cent. ; $50,000, 4 per cent. ; $265,000, 4§ per cent.; 

$1,831,800, 5 per cent. ; $34,000, 5£ per cent. ; $101,000, 5£ per 

cent. ; $1,525,500, 6 per cent. ; $399,300, 6£ per cent. ; $187,00,0, 7 per 

cent. ; $530,000, 7 t 3 q per cent. ; $10,000, 1\ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 163 . 

Aggregate amount of the same, . 240,300 00 

Number of open accounts, . . . . ' . . . 15,173 

Number and amount of deposits received for previous year, 5,812 490,323 00 

Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, ...... 454 240,732 00 

Number and amount of withdrawals, . . . . 10,189 1,147,645 62 



260 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of accounts opened during the previous year, . 1,236 
Number of accounts closed during the previous year, . 1,893 
Amount of expenses of the corporation during previous year, . $12,000 00 

Amount of treasurer's bonds, 30,000 00 

Date of examination by commissioner : Nov. 11. 





] 


Public Funds. 








Estimated 




Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 44s, 


$250,000 


$260,000 00 


$265,000 00 


1867, 5-20s, . 


160,000 


170,000 00 


160,000 00 


" " " 5s, registered, 


375,000 


393,750 00 


399,000 00 


" " " 10-40s, coupon, 


370,000 


394,050 00 


407,000 00 


" tl " new 5s, . 


100,000 


105,000 00 


117.000 00 


" " " 4s, . 


50,000 


50,000 00 


50,000 00 


State bonds : — 








State of Maine, .... 


10,000 


10,300 00 


10,000 00 


of New Hampshire, 


1,000 


1,060 00 


1,000 00 


City and town bonds : — 








Town of Arlington, .... 


10,000 


10,700 00 


10,000 00 


City 'of Boston, 






134,800 


142,800 00 


134,800 00 


of Bangor, Me., 






20,000 


22,000 00 


20,000 00 


of Burlington, Vt. , 






40,000 


43,200 00 


40,000 00 


of Bath, Me., . 






10,000 


10,800 00 


10,000 00 


of Chariestown, 






50,000 


55,000 00 


50,000 00 


of Chelsea, 






17,000 


18,360 00 


17,000 00 


of Cambridge, . 






15,000 


15,900 00 


15,000 00 


Town of Everett, 






2,000 


2,160 00 


2,000 00 


City of Fall River, . 






110,000 


117,500 00 


110,000 00 


Town of Hyde Park, 






50,000 


52,500 00 


50,000 00 


of Holyoke, . 






65,000 


71,500 00 


65,000 00 


City of Lawrence, . 






86,000 


90,000 00 


86,000 00 


of Lynn, . 






120,000 


127,200 00 


120,000 00 


of Lowell, 






50,000 


54,000 00 


50,000 00 


Town of Milford, . 






15.000 


16,200 00 


15,000 00 


City of Manchester, N.H. 


» 




100,000 


110.000 00 


100,000 00 


Town of Maiden, 






50,000 


54,000 00 


50,000 00 


City of New Bedford, 






30,000 


30,000 00 


30,000 00 


of Providence, R.I., 






200,000 


213,250 00 


200,000 00 


Town of Roxbury, . 






22,000 


22,000 00 


22,000 00 


City of Salem, 






142,000 


150,000 00 


142,000 00 


of Somerville, . 






95,000 


98,800 00 


95,000 00 


of Worcester, . 






20,000 


20,000 00 


20,000 00 


Town of Winchester, 






35,000 


37,800 00 


35,000 00 


of Marblehead, 






22,000 


23,760 00 


22,000 00 



Bank Stock. 



Asiatic Nat'l Bank, Salem, 
Exchange Nat'l Bank, Salem, 
First Nat'l Bank, Salem, 
Salem Nat'l Bank, Salem, 




$16,110 00 
8,900 00 
8,840 00 
7,600 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



261 



Bank Stock — Concluded. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Merchants' Nat'l Bank, Salem, 
Naumkeag Nat'l Bank, Salem, 
Beverly Nat'l Bank, Beverly, . 
Marblehead Nat'l Bank, Marblehead 
Nat'l Grand Bank, Marblehead, 
City Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Revere Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Atlantic Nat'l Bank, Boston, . 
Merchandise Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, . 
Republic Nat'l Bank, Boston, . 
Boylston Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Redemption Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Home Nat'l Bank, Brockton, . 
Mercantile Nat'l Bank, Salem, 



$50,150 

7,300 

700 

1,700 

4,500 

20,500 

67,000 

28,000 

20,000 

49,800 

27,400 

17,300 

58,300 

10,000 

18,700 

12,000 

11,400 

7,500 

16,500 

2,500 

1,000 

7,300 

12,500 

10,000 

10,000 

500 



$60,180 00 

9,855 00 
770 00 

1,870 00 

4,950 00 
21,935 00 
54,940 00 
36,960 00 
20,000 00 
49,800 00 
30,688 00 
23,355 00 
72,875 00 
12,800 00 
17,204 00 
12,240 00 
10,260 00 

8,250 00 
20,790 

2,675 

1,100 

7,008 

14,875 

11,100 

10,000 

540 



00 
00 
00 
00 
00 
00 
00 
00 



$50,150 00 

9,650 00 

700 00 

1,700 00 

5,000 00 

22,400 00 

68,150 00 

28,000 00 

20,000 00 

50,300 00 

28,400 00 

18,100 00 

77,300 00 

10,000 00 

18,700 00 

14,550 00 

12,500 00 

9,000 00 

21,600 00 

3,000 00 

1,100 00 

11,200 00 

17,500 00 

12,100 00 

10,000 00 

500 00 



262 



BANK COMMISSIONERS' REPORT. 



[Jan. 



SCITTJATE SAYINGS BANK — SCITUATE. 

Incorporated May 31, 1851. Number of corporators, 76. 

Horatio G. Reed, President. Treasurer, Charles A. Cole. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
N. E. Trust Co. 
Dividend account, . 


$130,233 58 

1,853 25 

746 82 

3,500 00 

3,311 00 


Bank stock, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

Interest, 

Cash on hand, .... 


$7,350 00 

28,453 54 

81,540 50 

8,366 90 

6,570 00 
6,404 94 

958 85 




$139,644 73 


$139,644 73 



Cash on Deposit in Bank: — 
Boston National Bank, Boston, 



Amount of real estate by foreclosure, 
Estimated value of the same, . " . 



Whole amount of interest or profits received or earned, . 
Bate and amount of each semi-annual dividend ) 2£ per cent 

for the previous year, ) 2£ per cent 

Times for the dividends fixed by the by-laws : first Tuesday of 

March and September. 
The total amount of loans, with each specified rate of interest: 

$6,570, 6 per cent. ; $1,112, 7 T 3 ¥ per cent. ; $1,272.50, 7£ per cent. ; 

$13,800, 8 per cent. ; $73,722.90, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 126 

Aggregate amount of the same, 

Number of open accounts, ......... 377 

Number and amount of deposits received for previous year, . 46 
Number and amount of deposits of and exceeding $300 at any 

time for the previous year, 8 

Number and amount of withdrawals, 241 

Number of accounts opened during previous year, ... 25 
Number of accounts closed during the previous year, . . 44 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Oct. 8. 

Bank Stock. 



$21 20 

$28,453 54 
27,800 00 

$7,792 86 
3,614 57 
3,311 08 



76,407 40 

7,996 80 

4,900 00 
31,004 45 



445 00 
10,000 00 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Boston Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Washington Nat'l Bank, Boston, 
Plymouth Nat'l Bank, Plymouth, 
State Nat'l Bank, Boston, 
Hingham Nat'l Bank, Hingham, 



$2,000 
1,200 
1,050 

400 
1,000 

500 
1,200 



$2,240 00 
1,416 00 
1,092 00 

524 00 
1,200 00 

545 00 
1,200 00 



$2,000 00 
1,225 50 
1,058 

400 
1,000 

550 
1,312 



40 
00 
00 
00 
00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



263 



SEAMEN'S SAYINGS BANK i — PRO VINCETOWN. 
Incorporated April 14, 1851. Number of corporators, 86. 



Ltsander N. Paine, President. 



Statement. 



Treasurer, Joseph H. Dyer. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$505,351 92 


Public funds, .... 


$15,115 50 


Earnings, undivided, 


5 06 


Bank stock, .... 


158,851 48 


Guaranty fund, 


3,105 62 


Loans on bank stock, 


1,000 00 


Surplus fund, . 


4,532 02 


Railroad bonds, 


28,850 00 


Notes payable, . 


4,000 00 


Real estate, .... 


1,330 29 






Real estate by foreclosure, 


56,954 90 






Loans on real estate, 


74,498 75 






Loans on personal security, . 


70,318 79 






Loans to counties, cities, or 








towns, 


105,669 42 






Deposit in banks on interest, . 


58 14 






Deposit in banks, 


86 07 






Furniture and safes, 


2,623 49 






Cash on hand, .... 


1,637 79 




$516,994 62 


$516,994 62 



Loans on Bank Stock, amount on each : — 
On 8 shares Freeman's National Bank, Boston, and 4 shares Shaw- 
mut National Bank, Boston, 



$1,000 00 



Cash on Deposit in Banks : — 
First National Bank, Provincetown, . 
Freeman's National Bank, Boston, . 

Amount invested in real estate, . 
Estimated value of the same, 
Amount of real estate by foreclosure, 
Estimated value of the same, 

Whole amount of interest or profits received or earned, 
Rate and amount of each semi-annual dividend ) 2 per cent., 

for the previous year, ) 2 per cent., 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 5 T 8 ^- per cent. 
The total amount of loans, with each specified rate of interest: 

$16,000, 5 per cent. ; $21,669.42, 6 per cent. ; $50,800, 6£ per cent. ; 

$117,195.54, 7 per cent. ; $1,400, 7 T 3 ¥ per cent. ; $6,622, 7£ per 

cent. ; $7,600, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 112 

Aggregate amount of the same, 

Number of open accounts, 2,025 

Number and amount of deposits received for previous year, . 249 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 14 

Number and amount of withdrawals, .... 1,753 





$86 07 
58 04 




$1,330 29 

1,330 29 

56,954 90 

56,954 90 




$33,277 85 
t 12,529 37 
I 10,426 60 



92,686 96 

19,736 32 

8,396 06 
177,095 22 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding twenty per cent, each six months, was issued April 19, 1878. 



264 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of accounts opened during the previous year, . . 50 
Number of accounts closed during the previous year, . . 135 
Amount of expenses of the corporation during previous year, . . $2,451 43 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Sept. 5. 

Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 

City bonds : — 
City of Charlestown, 6s, . 



$100 
15,000 



$106 12 
16,500 00 



$115 50 
15,000 00 



Bank Stock. 



Atlas Nat'l Bank, Boston, 
Nat'l Bank of North America, Boston, 
Blackstone Nat'l Bank, Boston, 
Blue-Hill Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Nat'l City Bank, Boston, 
Central Nat'l Bank, Boston, . 
Continental Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Eleventh Ward Nat'l Bank, Boston 
Everett Nat'l Bank, Boston, . 
Freeman's Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Home Nat'l Bank, Brockton, . 
Mount Vernon Nat'l Bank, Boston, 
Manufacturers' Nat'l Bank, Boston 
Market Nat'l Bank, Boston, . 
Old Boston Nat'l Bank, Boston, 
First Nat'l Bank, Provincetown, 
Nat'l Bank of the Republic, Boston 
Nat'l Revere Bank, Boston, 
Second Nat'l Bank, Boston, 
Shawniut Nat 1 Bank, Boston, 
State Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, 
First Nat'l Bank of Chelsea, 



$2,500 


i, 6,300 


2,000 


1,500 


12,600 


1,000 


5,000 


2,500 


5,000 


1,300 


10,000 


8,000 


2,500 


1,500 


500 


5,000 


, 7,500 


1,000 


2,000 


5,400 


, 15,000 


7,900 


1,700 


1,800 


10,100 


3,000 


9,500 


1,000 


5,000 



$2,759 37 


$3, 


6,300 00 


7, 


1,910 00 


2, 


1,350 00 


1, 


11,214 00 


12, 


1,070 00 


1, 


4,150 00 


0, 


2,125 00 


3, 


4,850 00 


6, 


520 00 


1, 


9,500 00 


13, 


7,200 00 


8, 


2,131 25 


3, 


1,560 00 


1, 


475 00 




4,343 75 


6, 


6,440 63 


8, 


902 50 


1, 


2,440 00 


3, 


8,424 00 


6, 


18,675 00 


16, 


8,137 00 


8, 


2,248 25 


1, 


1,890 00 


2, 


11,185 75 


10, 


3,300 00 


4, 


9,428 75 


11, 


932 50 


1, 


5,500 00 


5, 



175 00 
225 00 
500 00 
777 50 
600 00 
000 00 
432 50 
131 25 
000 00 
926 58 
150 00 
000 00 
562 50 
500 00 
540 00 
250 00 
615 63 
190 00 
300 00 
820 00 
625 00 
693 02 
700 00 
105 00 
100 00 
187 
555 

190 00 
000 00 



50 
00 



Railroad Boxds. 






Cheshire Railroad bonds, 6s, . 


$2,000 


$2,000 00 


$2,000 00 


Mansfield and Frarningham Railroad 








bonds, 7s, . . 


1,000 


950 00 


950 00 


Framingham and Lowell Railroad 








bonds, 7s, 


1,000 


730 00 


900 00 


Cape Cod Railroad bonds, 7s, . 


25,000 


25,500 00 


25,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



265 



SHELBURNE FALLS SAVINGS BANK — SHELBURNE FALLS. 

Incorporated 1855. Number of corporators, 93. 
F. A. Ball, President. Treasurer, A. K. Hawks. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undivided, 
Guaranty fund, 



$645,508 52 

16,734 05 

6,000 00 



,242 57 



Public funds, 

Bank stock, 

Loans on bank stock, 

Real estate, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, .... 
Deposit in bank, 
Cash on band, . 



$100,000 00 

64,000 00 

6,500 00 

4,000 00 

2,800 00 

379,288 96 

95,473 67 

8,000 00 
5,000 00 
3,179 94 



,242 57 



Loan on Bank Stock : — 
On 58 shares Shelbume Falls National Bank, Shelburne Falls, . $6,500 00 

Cash on Deposit in Bank : — 
Shelburne Falls National Bank, Shelburne Falls, .... $5,000 00 



Amount invested in real estate, $4,000- 00 

Estimated value of the same, 4,000 00 

Amount of real estate by foreclosure, 2,800 00 

Estimated value of the same, 2,800 00 

Whole amount of interest or profits received or earned, . . . $45,329 58 
Rate and amount of each semi-annual dividend I 2| per cent., . ( 16,387 58 

for the previous year, . . . . ) 1\ per cent., . ( 15,819 79 
Times for the dividends fixed by the by-laws : April 10 and Oct. 10. 
The total amount of loans, with each specified rate of interest: 

$5,000, 4 per cent. ; $489,262.63, 61 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . 412 

Aggregate amount of the same, 385,258 52 

Number of open accounts, 2,792 

Number and amount of deposits received for previous year, 1,018 78,822 30 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 73 38,877 74 

Number and amount of withdrawals, .... 1,405 146,725 20 

Number of accounts opened during the previous year, . . 280 

Number of accounts closed during the previous year, . . 388 

Amount of expenses of the corporation during previous year, . 1,670 

Amount of treasurer's bonds, .... ... 20,000 00 

Date of examination by commissioner : Aug. 8. 

34 



266 



BANK COMMISSIONERS' REPORT. 
Public Fuxds. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 5s 1881, . 
" " " 4^ per ct., 1891, 

City bonds : — 
City of Fall River, .... 


815,000 
75,000 

10,000 


815,600 00 
77,500 00 

10,500 00 


815,000 00 
75,000 00 

10,000 00 



Baxk Stock. 



Shelburne Falls Nat'l Bank, Shel- 








burne Falls, ..... 


830,000 


836.000 00 


830.000 00 


First Nat'l Bank, Northampton, 


17,000 


20,400 00 


17,000 00 


Conway Nat'l Bank, Conway, . 


12,000 


13,200 00 


12,000 00 


Adams Nat'l Bank, North Adams, . 


5,000 


5,750 00 


5,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



267 



SOUTHBRIDGE SAYINGS BANK — SOUTHBRIDGE. 

Incorporated 1848. Number of corporators, 91. 
John P. Stedman, President. Treasurer, Samuel M. Lane. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$910,156 31 


Public funds, .... 


$414,000 00 


Earnings, undivided, 


17,853 56 


Loans on public funds, . . 


27 950 00 


Guaranty fund, 


4,600 00 


Bank stock, .... 


42,090 00 






Loans on bank stock, 


1,500 00 






Railroad bonds, 


50,000 00 






Loans on real estate, 


278,550 00 






Loans on personal security, . 


61,100 00 






Loans to counties, cities, or 










11,000 00 






Deposits in banks on interest, 


33,000 00 






Expense account, 


407 74 






Premium account, . 


. 9,200 00 






Steel safe, 


1,500 00 






Cask on band, .... 


2,312 13 




$932,609 87 


$932,609 87 


Loans on Public Funds : — 




On United States bonds, par value $28,000, .... 


. $27,950 00 


Loans on Bank Stock, amount on each : — 




On 10 sbares Southbridge National Bank, Soutbbridge, . 


$900 00 


On 6 sbares Blacksto 


tie National 


Bank, Boston, 


600 00 



Cask on Deposit in Bank: — 
Soutbbridge National Bank, Soutbbridge, . 

Wbole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2-£ per cent., 

for tbe previous year, \ 2% per cent., 

Times for tbe dividends fixed by tbe by-laws : first Wednesday of 

January and July. 
Average annual per cent, of dividends for tbe term ending at tbe 

time of and including tbe last extra dividend : 6 per cent. 
Tbe total amount of loans, witb eacb specified rate of interest: 

$26,000, 4 per cent. ; $25,000, 5 per cent. ; $2,500, 6 per cent. ; 

$5,000, 6£ per cent. ; $321,600, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . 146 

Aggregate amount of tbe same, 

Number of open accounts, 2,501 

Number and amount of deposits received for previous year, 1,313 
Number and amount of deposits of and exceeding $300 at any 

one time for tbe previous year, 92 

Number and amount of withdrawals, . . . . 1,157 



:'{ 



$33,000 00 

$54,257 86 
21,289 60 
21,555 74 



144,600 00 

110,705 35 

47,036 60 
144,875 51 



268 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of accounts opened during the previous year, . . 317 
Number of accounts closed during the previous year, . 315 

Amount of expenses of the corporation during previous year, . §1,953 51 

Amount of treasurer's bonds, 50,000 00 

Date of examination by commissioner : June 3. 





Public Funds. 










Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 4s, . 


$10,000 


$10,000 00 


$10,000 00 


" " " 10-40s, . 


10,000 


10,600 00 


10,000 00 


" " " 6s 1881, . 


20,000 


21,600 00 


20,000 00 


a a it 4.I0 


135,000 


140,062 00 


139,000 00 


City and town bonds : — 








City of Lynn, ..... 


8,000 


8,960 00 


8,650 00 


of Chelsea, 






12,000 


13,680 00 


12,900 00 


of Cambridge, . 






10,000 


11,700 00 


10,600 00 


of Fall River, . 






15,000 


16,950 00 


15,000 00 


of Holyoke, 






20,000 


22,400 00 


20,000 00 


01 Lawrence, . 






10,000 


11,200 00 


10,000 00 


of New Bedford, 






15,000 


16,100 00 


15,100 00 


of Newton, 






5,000 


5,700 00 


5,150 00 


of Portland, Me.,' 






9,000 


9,900 00 


9,000 00 


of Salem, 






10,000 


10,400 00 


10,100 00 


of Somerville, . 






15,000 


16,800 00 


15,000 00 


of Springfield, . 






15,000 


17,000 00 


15,100 00 


of Waterbury, Conn 


? 




10,000 


11,400 00 


10,000 00 


Town of Brookline, . 






20,000 


23,600 00 


20,000 00 


of Maiden, 






20,000 


22,400 00 


20,000 00 


of Northampton, 






20,000 


22,000 00 


20,000 00 


of Woburn, . 






10,000 


11,200 00 


10,000 00 


of Arlington, . 






10,000 


11,200 00 


10,800 00 


City of Fitchburg, .... 


5,000 


5,600 00 


5,450 00 



Bank 


Stock. 






Blackstone Nat'l Bank, Boston, 


$4,000 


$3,800 00 


$4,000 00 


Boylston Nat'l Bank, Boston, . 


1,800 


1,872 00 


1,800 00 


City Nat'l Bank, Boston, 


1,200 


1,284 T)0 


1,200 00 


Columbian Nat'l Bank, Boston, 


500 


660 00 


500 00 


Freeman's Nat'l Bank, Boston, 


10,000 


9,000 00 


13,400 00 


New England Nat'l Bank, Boston, . 


2,200 


2,882 00 


2,200 00 


Revere Nat'l Bank, Boston, 


2,500 


2,500 00 


2,500 00 


Washington Nat'l Bank, Boston, 


2,000 


2,500 00 


2,000 00 


Southbridge Nat'l Bank, Southbridge, 


13,800 


'17,250 00 


14,490 00 



Railroad Boxds. 



Boston and Albany Railroad bonds, 
Boston and Lowell Railroad bonds, . 
Boston and Maine Railroad bonds, . 
Old Colony Railroad bonds, 



$10,000 
20,000 
10,000 
10,000 



$11,800 00 


22,600 


00 


11,600 


00 


11,100 


00 



$10,250 00 
20,600 00 
10,000 00 
10,600 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



269 



SOUTH ADAMS SAVINGS BANK — ADAMS. 

Incorporated 1869. Number of corporators, 9. 

Henry J. Bliss, President. Treasurer, H. H. Wellington. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$315,815 92 
6,578 88 
2,600 00 


Public funds, .... 
Bank stock, .... 
Loans on real estate, 
Loans on personal security, . 
Deposit in bank on interest, . 
Expense account, 
Premium account, . 


$39,000 00 

34,750 00 

156,495 00 

77,688 66 

11,830 29 

359 54 

4,871 31 




$324,994 80 


$324,994 80 



Cash on Deposit in Bank : — 
First National Bank, Adams, 



$11,830 29 



Whole amount of interest or profits received or earned, . . . $23,801 86 
Rate and amount of each semi-annual dividend \ 2£ per cent., . ( 7,842 91 

for the previous year, ) 2£ per cent., . ( 7,891 93 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7 per cent. 
The total amount of loans, with each specified rate of interest: 

$7,000, 6 per cent. ; $179,533.66, 7 per cent. ; $4,400, 7 T % per cent. ; 

$43,250, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 105 

Aggregate amount of the same, 92,683 66 

Number of open accounts, 975 

Number and amount of deposits received for previous year, 2,668 58,210 16 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 26 13,467 39 

Number and amount of withdrawals, 589 74,317 40 

Number of accounts opened during the previous year, . . 113 
Number of accounts closed during the previous year, . . 130 
Amount of expenses of the corporation during previous year, . . 1,588 24 

Amount of treasurer's bonds, 50,000 00 

Date of examination by commissioner : Aug. 7. 



270 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 4 per cent., 
" " " 5-20s 1867, 

Town bonds : — 
Town of Adams, 



?10,000 
9,000 



20,000 



$10,000 00 
9,562 00 



21,000 00 



$10,000 00 
9,615 00 



20,000 00 



Bank Stock. 



Adams Nat'l Bank, North Adams, . 
Lee Nat'l Bank, Lee, 
First Nat'l Bank, Adams, 
Berkshire Nat'l Bank, North Adams, 




$2,750 00 
2,000 00 

33,184 00 
3,500 00 



$2,556 31 
1,750 00 

31,200 00 
3,500 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



271 



SOUTH BOSTON SAYINGS BANK i — SOUTH BOSTON. 

Incorporated March 3, 1863. Number of corporators, 61. 

George E. Alden, President. Treasurer, George W. Ellis. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,418,667 80 


Public funds, .... 


$258,205 75' 


Earnings, undi- 




Bank stock, .... 


78,700 00 


vided, 


10,929 68 


Railroad bonds, 


17,717 50 


Guaranty fund, . 


15,000 00 


Real estate, .... 


74,477 62 






Real estate by foreclosure, 


68,858 51 






Loans on real estate, 


824,643 50 






Loans on personal security, . 


21,755 00 






Furniture and fixtures, . 


1,000 00 






Deposit in bank on interest, . 


94,229 33 






Charges on mortgages, 


1,343 60 






Cash on hand and on deposit, . 


3,666 67 




SI ,441,597 48 


$1,444,597 48 



Cash, on Deposit in Bank : — 
Maverick National Bank, Boston, $94,229 33 

Amount invested in real estate, $74,477 62 

Estimated value of the same, 70,000 00 

Amount of real estate by foreclosure, 68,858 51 

Estimated value of the same, 62,200 00 

Whole amount of interest or profits received or earned, . . . $104,509 43 
Rate and amount of one semi-annual dividend for the previous year, None. 

Times for the dividends fixed by the by-laws : third Wednesday of 

April and October. 
Average annual per cent, of dividends for the term including the 

last extra dividend : 41 per cent. 
The total amount of loans, with each specified rate of interest: 

$169,450, 6 per cent. ; $72,000, 6£ per cent. ; $402,193.50, 7 per 

cent. ; $77,600, 7£ per cent. ; $125,155, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . 217 

Aggregate amount of the same, ........ 333,901 00 

Number of open accounts, 8,856 

Number and amount of deposits received for previous year, 2,705 91,777 53 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 215 113,725 27 

Number and amount of withdrawals, .... 7,924 535,672 77 

Number of accounts opened during the previous year, . . 275 

Number of accounts closed during the previous year, . . 536 

Amount of expenses of the corporation during previous year, . 6,946 40 

Amount of treasurer's bonds, . ' 40,000 00 

Date of examination by commissioner : March 28. 

1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued April 9, 1878. 



272 



BANK COMMISSIONERS' REPORT. [Jan. 

Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 5-20s, 


$115,900 


$123,102 50 


$115,900 00 


City and town bonds : — 








City of Bangor, Me. , 


8,000 


8,080 00 


7,320 00 


of Bath, Me., . 




20,500 


20,705 00 


20,185 00 


of New London, Conn., 




10,000 


11,700 00 


10,500 00 


of Norwich, Conn., . 




30,000 


31,740 00 


30,930 00 


of Chelsea, 




7,000 


7,700 00 


6,860 00 


of Portland, Me., 




15,000 


15,300 00 


13,775 00 


of Somerville, . 




10,000 


10,850 00 


10,000 00 


of Belfast, Me., 




4,000 


4,000 00 


3,990 00 


of Fall River, . 




10,000 


11,000 00 


10,837 50 


of Rockland, Me., . 




7,000 


7,000 00 


6,577 50 


Town of Everett, 




1,000 


1,095 00 


980 75 


of Brockton, . 




20,000 


20,400 00 


20,350 00 



Bank Stock. 



Atlas^Nat'l Bank, Boston, 


$11,100 


$12,210 00 


$11,000 00 


Commerce Nat'l Bank, Boston, 


10,000 


7,900 00 


10,000 00 


Columbian Nat'l Bank, Boston, 


6,000 


7,920 00 


6,000 00 


Eliot Nat'l Bank, Boston, 


10,000 


9,700 00 


10,000 00 


Globe Nat'l Bank, Boston, 


' 6,000 


5,100 00 


6,000 00 


Massachusetts Nat'l Bank, Boston, . 


4,500 


4,702 50 


4,500 00 


Suffolk Nat'l Bank, Boston, . 


5,000 


5,500 00 


5,000 00 


Traders' Nat'l Bank, Boston, . 


2,600 


2,340 00 


2,600 00 


Tremont Nat'l Bank, Boston, . 


15,000 


14,925 00 


15,000 00 


Webster Nat'l Bank, Boston, . 


8,500 


8,330 00 


8,500 00 



Railroad Bonds. 



New Bedford Railroad bonds, 
Cape Cod Railroad bonds, 
Eastern Railroad bonds, . 




$1,050 00 

16,640 00 

720 00 



$1,057 50 

16,210 00 

450 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



273 



SOUTH SCITUATE SAVINGS BANK — SOUTH SCITUATE. 

Incorporated April 2, 1834. Number of corporators, 73. 
Perez Simmons, President. Treasurer, Ebenezer, T. Fogg. 

Statement. 



Liabilities. 



Assets. 



Value on Books, 



Deposits, . 
Earnings, undivided, 
Guaranty fund, 



28,714 42 
4,597 33 
2,216 00 



$435,527 75 



Public funds, . 

Bank stock, 

Loans on bank stock, 

Railroad bonds, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, .... 
Cash on hand, . 



$11,700 00 

56,900 00 

1,400 00 

4,460 00 

35,329 57 

274,066 04 

27,927 75 

11,637 00 
12,107 39 

$435,527 75 



Loans on Bank Stock, amount on each : — 
On 16 shares Union National Bank, Weymouth, 
On 3 shares Hingham National Bank, 

Cash on Deposit in Banks : — 
Manufacturers' National Bank, Boston, . 
New England Trust Company, Boston, 

Amount of real estate by foreclosure, 

Estimated value of the same, 

Whole amount of interest or profits received or earned, 
Rate and amount of each semi-annual dividend ) 2-J per cent 

for the previous year, f 2 per cent., 

Times for the dividends fixed by the by-laws : last Saturday of 

February and August. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7i per cent. 
The total amount of loans, with each specified rate of interest: 

$2,200, 4 percent. ; $28,773.25, 6 percent. ; $21,747, 7 T 3 ^ percent. ; 

$242,571.54, 7 per cent. ; $19,739, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 343 

Aggregate amount of the same, 

Number of open accounts, . . . . . . . 1,151 

Number and amount of deposits received for previous year, . 190 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 17 

Number and amount of withdrawals, 576 

Number of accounts opened during the previous year, . . 87 
Number of accounts closed during the previous year, . . 82 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Oct. 7. 

35 



$1,300 00 
100 00 



^6,380 47 
4,976 25 



,329 57 
35,329 57 

$21,399 63 

10,884 20 

8,556 37 



227,107 04 

20,866 75 

9,616 71 
54,764 30 



1,120 00 
10,000 00 



274 



BANK COMMISSIONERS' REPORT. [Jan. 

Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 5-20s, 


$10,850 


$11,499 00 


$11,700 00 



Bank Stock. 



Howard Nat'l Bank, Boston, . 


$1,400 


$1,456 00 


$1,400 00 


Union Market Nat'l B'k, Watertown, 


2,000 


1,800 00 


2,400 00 


Eleventh Ward Nat'l Bank, Boston, 


2,600 


2,000 00 


4,000 00 


Hingham Nat'l Bank, Hingham, 


1,960 


2,016 00 


2,800 00 


Union Nat'l Bank, South Weymouth, 


1,000 


1,260 00 


1,000 00 


Globe Nat'l Bank, Boston, 


300 


255 00 


300 00 


Eliot Nat'l Bank, Boston, 


800 


7S0 00 


800 00 


New England Nat'l Bank, Boston, . 


1,000 


1,310 00 


1,000 00 


Massachusetts Nat'l Bank, Boston, . 


500 


525 00 


500 00 


City Nat'l Bank, Boston, 


2,300 


2,484 00 


2,300 00 


Eagle Nat'l Bank, Boston, 


2,300 


2,392 00 


2,300 00 


Merchants' Nat'l Bank, Boston, 


1,500 


1,875 00 


1,500 00 


Hamilton Nat'l Bank, Boston, 


1,500 


1,530 00 


1,500 00 


Washington Nat'l Bank, Boston, 


1,600 


2,000 00 


1,600 00 


Shawmut Nat'l Bank, Boston, . 


1,300 


1,365 00 


1,300 00 


Commerce Nat'l Bank, Boston, 


4,000 


3,250 00 


4,000 00 


Second Nat'l Bank, Boston, . 


1,700 


2,554 00 


1,700 00 


Fourth Nat'l Bank, Boston, 


4,000 


3,200 00 


4,000 00 


Revere Nat'l Bank, Boston, . 


4,800 


4,800 00 


4,800 00 


Columbian Nat'l Bank, Boston, 


3,200 


4,250 00 


3,200 00 


Traders' Nat'l Bank, Boston, . 


2,800 


2,520 00 


2,800 00 


North Nat'l Bank, Boston, 


4,500 


5,085 00 


4,500 00 


Atlantic Nat'l Bank, Boston, . 


1,000 


1,260 00 


1,000 00 


Merchandise Nat'l Bank, Boston, . 


1,500 


1,465 00 


1,500 00 


Union Nat'l Bank, Boston, 


1,000 


1,260 00 


1,000 00 


Webster Nat'l Bank, Boston, . 


2,000 


1,960 00 


2,000 00 



Railroad Bonds. 



Old Colony and Newport R.R. bonds, 




$4,560 00 



$4,460 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



275 



SOUTH WEYMOUTH SAVINGS BANK — SOUTH WEYMOUTH. 

Incorporated 1868. Number of corporators, 34. 
Albert Tirrell, President. Treasurer, B. F. White 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$337,415 21 

11,020 09 

2,000 00 


Bank stock, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Deposit in banks on interest, . 


$160,009 00 

18,000 00 

144,991 20 

27,070 00 

365 10 




$350,435 30 


$350,435 30 



Cash on Deposit in Bank: — 
First National Bank, South Weymouth, 



$365 10 



previous 



Real estate by foreclosure, 

Estimated value of the same, 

Whole amount of interest or profits received or earned, . 
Rate and amount of one semi-annual dividend for the 

; year (2^ per cent. ), 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7£ per cent. 
The total amount of loans, with each specified rate'of interest: 

$23,900, 6 per cent. ; $148,161.20, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, ... . . . . .130 

Aggregate amount of the same, 

Number of open accounts, 

Number and amount of deposits received for previous year, 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year 

Amount of treasurer's bonds, . 

Date of examination by commissioner : Oct. 18. 



872 
305 



503 

77 

152 



^18,000 00 
18,000 00 
19,897 52 

9,720 55 



100,642 20 

36,783 94 

12,663 41 
97,617 34 



1,122 75 
10,000 00 



276 



BANK COMMISSIONERS' REPORT. 

Bank Stock. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Shawmut Nat'l Bank, Boston, 


110,000 


$10,600 00 


$11,853 00 


Globe Nat'l Bank, Boston, 


4,000 


3,400 00 


5,014 25 


Tremont Nat'l Bank, Boston, . 


3,700 


3,700 00 


4,644 62 


Eliot Nat'l Bank, Boston, 


9,600 


9,264 00 


11,085 88 


New England Nat'l Bank, Boston, . 


4,000 


5,240 00 


5,450 50 


Redemption Nat'l Bank, Boston, 


10,000 


11,900 00 


12,910 25 


Revere Nat'l Bank, Boston, 


4,500 


4,500 00 


5,445 00 


Howard Nat'l Bank, Boston, . 


7.000 


7,280 00 


7,580 00 


Columbian Nat'l Bank, Boston, 


3,900 


5,197 00 


4,994 62 


Commerce Nat'l Bank, Boston, 


6,600 


5,280 00 


8,227 38 


Boston Nat'l Bank, Boston, 


10,000 


9,000 00 


11,397 74 


Eagle Nat'l Bank, Boston, 


1,500 


1,545 00 


1,864 00 


Continental Nat'l Bank, Boston, 


3,000 


2,550 00 


3,382 75 


Webster Nat'l Bank, Boston, . 


8,600 


8,428 00 


9,045 14 


Atlantic Nat'l Bank, Boston, . 


4,000 


5,130 00 


5,540 25 


Merchants' Nat'l Bank, Boston, 


3,500 


4,375 00 


4,575 87 


First Nat'l Bank, South Weymouth, 


4,000 


5,000 00 


4,651 00 


Shoe and Leather Nat'l Bank, Boston, 


7,400 


7,418 00 


8,771 25 


Second Nat'l Bank, Boston, 


2,000 


2,765 00 


2,915 00 


Manufacturers' Nat'l Bank, Boston, 


10,000 


8,625 00 


9,982 50 


Republic Nat'l Bank, Boston, . 


4,000 


5,060 00 


5,077 50 


Market Nat'l Bank, Boston, . 


2,000 


1,820 00 


2,210 00 


Suffolk Nat'l Bank, Boston, . 


1,800 


1,989 00 


2,184 75 


State Nat'l Bank, Boston, 


1,200 


1,344 00 


1,323 00 


North America Nat'l Bank, Boston, 


6,000 


6,000 00 


6,530 25 


Hide and Leather Nat'l Bank, Boston, 


3,000 


3,000 00 


3,352 50 



1879.] 



PUBLIC DOCUMENT — No. 8. 



277 



SPRINGFIELD FIVE CENTS SAVINGS BANK — SPRINGFIELD. 

Incorporated April 27, 1854. Number of corporators, 39. 
Joseph C. Pyjstchon, President. Treasurer, D. J. Marsh. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,176,608 30 


Public funds, .... 


$157,000 00 


Guaranty fund, . 


6,400 00 


Loans on public funds, . 


500 00 






Bank stock, .... 


57,100 00 






Loans on bank stock, 


1,800 00 






Real estate, .... 


139,117 00 






SReal estate bv foreclosure, 


40,200 00 






Loans on real estate, 


682,150 00 






Loans on personal security, . 


58,500 00 






""Personal property, . 


3,000 00 






""Profit and loss, . . . . 


1,596 51 






^Expense account, 


223 49 






Cash on hand, .... 


41,881 30 




$1,183,068 30 


$1,183,068 30 



Loan on Public Funds : — 
On United States bonds, 4 per cent., par value $600, 

Loans on Bank Stock, amount on each: — 
On 6 shares Second National Bank, Springfield, 
On 12 shares Agawam National Bank, Springfield, . 

Cash on Deposit in Banks : — 
Pynchon National Bank, Springfield, 
Chicopee National Bank, Springfield, 



$500 00 



$600 00 
1,200 00 



,775 00 
10,000 00 



Amount invested in real estate, $139,117 00 

Estimated value of the same, 139,117 00 

Real estate by foreclosure, 40,200 00 

Estimated value of the same, 40,200 00 



Whole amount of interest or profits received or earned, . . . $59,107 14 
Rate and amount of each semi-annual dividend > 2£ per cent., . <" 30,250 59 

for the previous year, > 2£ per cent., . ( 25,614 78 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7 per cent. 
The total amount of loans, with each specified rate of interest: 

$50,000, 5 per cent. ; $692,950, 6£ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 113 

Aggregate amount of the same, 141,250 00 

Number of open accounts, 4,837 

Number and amount of deposits received for previous year, 3,060 266,555 05 



278 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 

Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year 

Amount of treasurer's bonds, 

Date of examination by commissioner : Sept.- 11. 



. 188 $104,588 21 

3,028 394,272 98 

. 750 

. 899 

5,822 56 
5,000 00 



Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 6s 1861, . 

City bonds : — 
City of Springfield 6s, 



$150,000 
7,000 



$162,000 00 



7,700 00 



$150,000 00 



7,000 00 



Bank Stock. 



Pynchon Nat'l Bank, Springfield, 
Agawam Nat'l Bank, Springfield, 
Chicopee Nat'l Bank, Springfield, 
Ware Nat'l Bank, Ware, 
City Nat'l Bank, Worcester, . 
John Hancock Nat'l B'k, Springfield 
Second Nat'l Bank, Springfield, 
First Nat'l Bank, Chicopee, 
Hadley Falls Nat'l Bank, Holyoke, 
Monson Nat'l Bank, Monson, . 




$16,985 00 
11,500 00 
9,800 00 
8,050 00 
6,160 00 
6,525 00 
8,160 
5,610 
2,100 
1,400 



00 
00 
00 
00 



$10,900 00 
10,000 00 
7,000 00 
7,000 
5,600 
5,500 
4,800 
3,800 
1,500 
1,000 



00 
00 
00 
00 
00 
00 
00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



279 



SPRINGFIELD INSTITUTION FOR SAVINGS — SPRINGFIELD. 
Incorporated 1827. Number of corporators, 73. 
James M. Thompson, President. Treasurer, Henry S. Lee. % 



Statement. 



• Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$6,047,644 75 


Public funds, .... 


$1,909,250 00 


Earnings, undi- 




Loans on public funds, . 


17,150 00 


vided, 


50,735 92 


Bank stock, .... 


576,400 00 


Guaranty fund, . 


38,000 00 


Loans on bank stock, 


91,100 00 






Railroad bonds, 


203,000 00 






Loans on railroad bonds, 


2,400 00 






Real estate, .... 


104,500 00 




v. 


Real estate by foreclosure, 


71,950 00 






Loans on real estate, 


2,469,200 00 






Loans on personal security, . 


158,450 00 






Loans on railroad stock, . 


29,350 00 






Loans to counties, cities, or 








- towns, 


375,600 00 






Premium account, . 


44,418 62 






Deposits in banks on interest, 


11,221 22 






Cash on hand, . 


72,390 83 




$6,136,380 67 


$6,136,380 67 



Loan on Public Funds : — 
United States bonds, par value $17,150, 



$17,150 00 



Loans on Bank Stock, amount on each : — 
On 147 shares First National Bank, Springfield, 
On 171 shares Second National Bank, Springfield, . 
On 65 shares Third National Bank, Springfield, 
On 289 shares Chicopee National Bank, Springfield, 
On 89 shares Pynchon National Bank, Springfield, . 
On 62 shares Agawam National Bank, Springfield, . 
On 18 shares John Hancock National Bank, Springfield, 
On 70 shares Holyoke National Bank, Holyoke, 
On 8 shares Hadley Falls National Bank, Holyoke, . 
On 11 shares Ware National Bank, Ware, 
On 10 shares Hampshire County National Bank, Northampton, 
On 25 shares Lee National Bank, Lee, .... 
On 10 shares First National Bank, Amherst, . 



$17,150 00 

15,100 00 

6,750 00 

30,200 00 

6,950 00 

6,600 00 

1,800 00 

4,800 00 

800 00 

1,100 00 

1,000 00 

1,750 00 

900 00 



Loan on Railroad Bonds : — 
On Boston and Albany 7s, par value $3,000, 



!,400 00 



Cash on Deposit in Banks : — 
Franklin County National Bank, Greenfield, 
First National Bank, Springfield, 
Second National Bank, Springfield, . 



$10,000 00 
10,000 00 

6,383 28 



280 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Chicopee National Bank, Springfield, 
Pynchon National Bank, Springfield, 
Ckapin Banking and Trust Company, Springfield, 
Blackstone National Bank, Boston, . 



Amount invested in real estate, . 
Assessed value of the same, 
Amount real estate by foreclosure, 
Estimated value of the same. 



Whole amount of interest or profits received or earned 

Rate and amount of each semi-annual dividend / 2\ per cent., 

for the previous year, ; 2\ per cent., 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7 per cent. 
The total amount of loans, with each specified rate of interest : 

$29,750, 4 per cent. ; $9,200, 5 per cent. ; $74,500, 5£ per cent. ; 

$147,150, 6 per cent. ; $2,712,650, 6£ per cent. ; $170,000, 7 per ct. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 740 

Aggregate amount of the same, 

Number of open accounts, 15,600 

Number and amount of deposits received for previous year, 11,695 
Number and amount of deposits of and exceeding $300. at 

any one time for the previous year, .... 1,034 

Number and amount of withdrawals, . ... . 13,179 
Number of accounts opened during the previous year, . 2,649 

Number of accounts closed during the previous year, . 2,988 

Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Sept. 12. 



$10,602 00 

12,676 22 

2,926 72 

1,221 22 

$104,500 00 
77,000 00 
71,950 00 
69,800 00 

$370,461 72 
( 155,852 55 
( 131,280 70 



958,550 00 

1,177,226 26 

683,576 18 
1,825,701 87 



14,046 90 
30,000 00 



Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, . 


$1,004,750 


$1,073,928 00 


$1,042,750 00 


State bonds : — 








State of Maine 6s, . 


63,500 


71,120 00 


67,000 00 


of New Hampshire 6s, . 


119,500 


133,840 00 


128,500 00 


of Rhode Island 6s, 


3,000 


3,150 00 


3,000 00 


of Connecticut 6s, . 


1,000 


1,050 00 


1,000 00 


of Massachusetts, . 


5,000 


5,500 00 


5,000 00 


City bonds : — 








City of New Haven, Conn., 


37,000 


40,900 00 


37,000 00 


of Hartford, Conn., 6s, . 


64,000 


70,400 00 


64,000 00 


of Middletown, Conn., 6s, 


7,000 


7,350 00 


7,000 00 


of Meriden, Conn., 6s, 


5,000 


5,300 00 


5,000 00 


of Waterbury, Conn., 7s, 


14,000 


15,400 00 


14,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



281 



Public Funds — Concluded. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City and town bonds : - 
City of Springfield 6s, 
of Springfield 7s, 
of Worcester 6s, 
of Cambridge 6s, 
of Chelsea 6s, . 
of Lynn 6s, 
of New Bedford, 
Town of Brookline 7s, 
City of Lawrence 6s, 
of Taunton 6s, . 
of Holyoke, 
of Boston, 
of Newburyport, 
Town of Greenfield, 
City of Norwich, Conn., 
of Fitchburg, . 






$38,000 
150,000 
35,000 
20,000 
20,000 
10,000 
56,000 
10,000 
10,000 
20,000 
52,000 
20,000 
5,000 
50,000 
20,000 
10,000 


$40,660 00 
174,000 00 
38,850 00 
21,600 00 
21,600 00 
10,900 00 
64,600 00 
11,500 00 
10,900 0Q 
22,200 00 
56,450 00 
23,000 00 
5,250 00 
50,500 00 
23,000 00 
10,900 00 


$38,000 00 
150,000 00 
35,000 00 
20,000 00 
20,000 00 
10,000 00 
61,000 00 
10,000 00 
10,000 00 
20,000 00 
52,000 00 
20,000 00 
5,000 00 
50,000 00 
20,000 00 
10,000 00 



Bank Stock. 



Chapin Banking and Trust Company, 










Springfield, ..... 


$12,500 


$14,000 C 


$12,500 00 


First Nat'l Bank, Springfield, . 


41,000 


52,070 


00 


50,700 00 


Second Nat'l Bank, Springfield, 


26,900 


43,040 


00 


32,500 00 


Third Nat'l Bank, Springfield, 


33,200 


53,120 


00 


47,700 00 


Chicopee Nat'l Bank, Springfield, . 


43,200 


58,752 


00 


51,200 00 


Pynchon Nat'l Bank, Springfield, . 


22,600 


35,482 


00 


28,100 00 


Agawam Nat'l Bank, Springfield, . 


22,500 


25,200 


00 


22,500 00 


John Hancock Nat'l B'k, Springfield, 


8,400 


9,660 


00 


8,400 00 


First Nat'l Bank, Chicopee, 


20,500 


30,750 


00 


24,500 00 


Hadley Falls Nat'l Bank, Holyoke, . 


2,600 


3,640 


00 


2,600 00 


Northampton Nat'l B'k, Northam'n, 


1,000 


1,000 


00 


1,000 00 


Hampshire Co. Nat'l B'k, Northam'n, 


2,000 


2,200 


00 


2,000 00 


Hampden Nat'l Bank, Westfield, . 


2,500 


3,750 


00 


2,500 00 


Ware Nat'l Bank, Ware, 


2,200 


2,640 


00 


2,200 00 


Monson Nat'l Bank, Monson, . 


900 


1,125 


00 


900 00 


First Nat'l Bank, Adams, 


500 


625 


00 


500 00 


Palmer Nat'l Bank, Palmer, . 


5,000 


5,000 


00 


5,000 00 


First Nat'l Bank, Leominster, 


' 10,000 


10,800 


00 


10,000 00 


Wachusett Nat'l B'k, Fitchb'g,new, 


5,000 


5,000 


00 


5,000 00 


State Nat'l Bank, Boston, 


7,500 


8,250 


00 


7,500 00 


Shawmut Nat'l Bank, Boston, . 


. 7,500 


7,800 


00 


7,500 00 


Hamilton Nat'l Bank, Boston, 


15,000 


15,300 


00 


15,000 00 


North Nat'l Bank, Boston, 


10,000 


11,200 


00 


10,000 00 


City Nat'l Bank, Boston, . 


10,000 


10,700 


00 


10,000 00 


Tremont Nat'l Bank, Boston, . 


15,000 


15,000 


00 


15,000 00 


Atlantic Nat'l Bank, Boston, . 


7,500 


9,375 


00 


7,500 00 


North America Nat'l Bank, Boston, 


12,500 


12,500 


00 


12,500 00 


Old Boston Nat'l Bank, Boston, 


7,000 


8,540 00 


7,000 00 


Second Nat'l Bank, Boston, 


17,700 


23,364 


00 


17,700 00 


Commerce Nat'l Bank, Boston, 


10,000 


7,900 00 


9,500 00 



36 



282 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Exchange Nat'l Bank, Boston, 


$2,000 


$2,680 00 


$2,000 00 


Merchants' Nat'l Bank, Boston, 


15,000 


19,050 00 


15,000 00 


Atlas Nat'l Bank, Boston, 


15,000 


16,500 00 


15,000 00 


Howard Nat'l Bank, Boston, . 


13,300 


13,832 00 


13,300 00 


Washington Nat'l Bank, Boston, 


3,000 


3,750 00 


3,000 00 


Eliot Nat'l Bank, Boston, 


3,000 


2,910 00 


3,000 00 


Eagle Nat'l Bank, Boston, 


5,000 


5,100 00 


5,000 00 


Blackstone Nat'l Bank, Boston, 


15,000 


14,250 0O 


14,500 00 


Columbian Nat'l Bank, Boston, 


8,700 


11,484 00 


8,700 00 


Webster Nat'l Bank, Boston, . 


7,500 


6,900 00 


7,500 00 


Union Nat'l Bank, Boston, 


4,300 


5,375 00 


4,300 00 


Revere Nat'l Bank, Boston, 


15,000 


15,000 00 


15,000 00 


First Nat'l Bank, Boston, 


5,000 


8,450 00 


5,000 00 


Freeman's Nat'l Bank, Boston, 


11,300 


10,170 00 


11,000 00 


Redemption Nat'l Bank, Boston, 


16,500 


19,200 00 


16,000 00 


Commonwealth Nat'l Bank, Boston, 


2,000 


1,780 00 


1,800 00 


Suffolk Nat'l Bank, Boston, . 


5,000 


5,350 00 


8,700 00 


Mount Vernon Nat'l Bank, Boston, . 


2,500 


2,150 00 


2,500 00 



Railroad Bonds. 



Boston and Albany R.R. bonds, 6s, . 
Boston and Albany R.R. bonds, 7s, . 



$140,000 
60,000 



$148,400 00 
69,600 00 



$140,000 00 
63,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



283 



SPENCER SAVINGS BANK — SPENCER. 

Incorporated April, 1871. Number of corporators, 26. 

Ekastus Jones, President. Treasurer, W. L. Demond. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$204,174 44 

3,966 11 

925 00 


Public funds, .... 
Bank stock, .... 
Railroad bonds, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

towns, 

Deposit in bank, 

Cash on hand, .... 


$26,325 00 
30,757 87 

5,043 75 
100,600 00 

1,600 00 

29,000 00 

335 55 

15,343 38 




$209,065 55 


$209,065 55 



Cash on Deposit in Bank: — 
Spencer National Bank, 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2-£ P er cent., 

for the previous year, _> 2-J- per cent., 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest 

$29,000, 5 per cent. ; $102,260, 6 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 68 

Aggregate amount of the same, . . . . . 

Number of open accounts, . . 772 

Number and amount of deposits received for previous year, . 833 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 73 

Number and amount of withdrawals, 524 

Number of accounts opened during the previous year, . . 249 
Number of accounts closed during the previous year, . . 201 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Aug. 20. 

Public Funds. 



$15,343 38 

$11,398 58 
5,627 16 
4,806 96 



69,260 00 

74,873 70 

33,042 79 
72,008 69 



650 00 

20,000 00 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 4 per cent. 

City bonds : — 
City of Springfield, . 
of Belfast, Me., 



$12,000 



2,000 
3,000 



$12,000 00 



2,140 00 
3,060 00 



$12,000 00 



2,100 00 
3,075 00 



284 



BANK COMMISSIONERS' REPORT. 

Public Funds — Concluded. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City and town bonds : — 
City of Bangor, Me., 
Town of Northampton, . 
City of Providence, . 



$3,000 
1,000 
5,000 



£3,030 00 
1,060 00 
5,075 00 



£3,150 00 

925 00 

5,075 00 



Bank Stock. 



Leicester Nat'l Bank, Leicester, 


$1,400 


$1,540 00 


$1,610 00 


Commonwealth Nat'l Bank, Boston, 


5,600 


4,998 00 


6,764 13 


State Nat'l Bank, Boston, 


1,500 


1,651 87 


1,652 12 


Hide and Leather Nat'l Bank, Boston, 


300 


306 00 


348 00 


North Nat'l Bank, Boston, 


2,000 


2,250 00 


2,435 00 


Redemption Nat'l Bank, Boston, 


600 


720 00 


900 00 


Central Nat'l Bank, Worcester, 


500 


635 00 


775 00 


First Nat'l Bank, Worcester, . 


1,200 


1,560 00 


1,920 00 


Webster Nat'l Bank, Boston, . 


1,100 


1,031 25 


1,153 62 


Spencer Nat'l Bank, Spencer, . 


7,500 


7,875 00 


7,500 00 


Mechanics' Nat'l Bank, Worcester, . 


2,500 


2,800 00 


3,200 00 


First Nat'l Bank, Webster, . 


2,500 


2,625 00 


2,500 00 



Public Funds. 



Eastern Railroad bonds, . 




$3,600- 00 



i,043 75 



1879.] 



PUBLIC DOCUMENT — No. 8. 



285 



STOCKBRIDGE SAVINGS BANK — STOCKBRIDGE. 

Incorporated 1871. Number of corporators, 14. 



Mason Van Deusen, President. 



Statement. 



Treasurer, C. H. Willis. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Bills payable, . 


$43,178 97 

241 73 

258 11 

3,500 00 


Public funds, .... 
Loans on public funds, . 
Bank stock, .... 
Loans on real estate, 
Loans on personal security, . 
Cash on band and deposit, 


$5,145 00 

200 00 

2,970 00 

33,537 15 

4,837 00 

489 66 




$47,178 81 


$47,178 81 



Loan on Public Funds : — 
On United States bonds, par value $200, 

Casb on Deposit in Banks : — 
Housatonic National Bank, Stockbridge, 
Pittsfield National Bank, Pittsfield, . 



Whole amount of interest or profits received or earned, . 
Kate and amount of each semi-annual dividend ? 2-§- per cent., 

for the previous year, ) 2% per cent., 

Times for the dividends fixed by the by-laws: first Thursday of 

April and October. 
The total amount of loans, with each specified rate of interest: 

$500, 7 per cent. ; $38,074, 7 T 3 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . 95 

Aggregate amount of the same, 

Number of open accounts, 168 

Number and amount of deposits received for previous year, . 89 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 3 

Number and amount of withdrawals, 169 

Number of accounts opened during the previous year, . . 28 
Number of accounts closed during the previous year, . . 48 
Amount of expenses of the corporation during previous year, . , 

Amount of treasurer's bonds, 

Date of examination by commissioner : Oct. 1. 

Public Funds. 



$200 00 

$312 59 
12 40 

54,408 61 
1,276 07 

1,048 24 



38,574 15 
5,544 02 

1,850 00 

20,292 77 



425 00 
50,000 00 





Par Value. 


Estimated 
Market Value. 


Amount Invested, 


Town bonds: — 
Town of Stockbridge, 

of Adams, .... 


$3 500 
2,000 


$3,675 00 
2,100 00 


$3,325 00 
1,820 00 


Bank 


Stock. 






First Nat'l Bank, Adams, 


$2,500 


$3,125 00 


$2,970 00 



286 



BANK COMMISSIONERS' REPORT. 



[Jan. 



STONEHAM FIVE CENTS SAYINGS BANK — STONEHAM. 

Incorporated 1855. Number of corporators, 48. 
L y:\iax Dike, President. Treasurer, Onslow Gil:\ioee. 

Statement. 



Liabilities. 



Assets. 



Valne on Books. 



Deposits, . 
Earnings, undivided. 
Guaranty fund, 
Profit and loss, 



§239,773 90 

13,354 18 

2,383 06 

4,226 34 



3259,737 48 



Public funds, 

Peal estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Pailroad stock, 1 

Loans to counties, cities, or 

towns, .... 
Expense account, 
Deposit in banks on interest, 
Cask on hand, . 



834,500 00 

1,378 00 

173.053 47 

3,300 00 

5,000 00 

18,000 00 

3,316 39 

20,846 10 

343 52 



$259,737 48 



Cask on Deposit in Banks : — 
Blackstone National Bank, Boston, . 
Boston Safe Deposit and Trust Company, 



$6,787 45 
14.108 65 



Beal estate by foreclosure, 

Estimated value of the same, 

Whole amount of interest or profits received or earned, . 
Bate and amount of one dividend for the previous year (2j per cent.) 
Times for the dividends fixed by the by-laws : May and November. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend: 6£ per cent. 
The total amount of loans, with each specified rate of interest: 

$6,000, 4 per cent. ; 812,000, 5| per cent. ; $16,800, 6 per cent. ; 

8159,533.47, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding 83,000 eack 148 

Aggregate amount of the same, 

Number of open accounts, ....... 1,208 

Number and amount of deposits received for previous year, . 727 
Number and amount of deposits of and exceeding $300 at any 



$1,378 00 

800 00 

22,357 07 

5.901 05 



one time for the previous year, 

Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year. 

Amount of treasurer's bonds, 

Date of examination by commissioner: Nov. 14. 



, 21 

1,590 

. 92 

391 



1S4,843 09 

39,196 00 

10,678 16 
1S1,947 02 



1,200 00 
50,000 00 



1 Taken to secure indebtedness to the bank. 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Public Funds. 



287 



Tar Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, 10-40s, 

City and town bonds : — 
City of Somerville, . 
of Haverhill, . 
Town of Arlington, . 



$4,500 



15,000 

5,000 

10,000 



:,826 00 



16,350 00 

5,500 00 

11,000 00 



$1,500 00 



15,150 00 

5,500 00 

11,000 00 



288 



BANK COMMISSIONERS' REPORT. 



[Jan. 



SUFFOLK SAVINGS BANK FOR SEAMEN AND OTHERS — BOSTON. 

Incorporated 1833. Number of corporators, 167. 
Thomas Lamb, President. Treasurer, Charles Henry Parker. 

Statement. 



Liabilities. 


Assets. 


Value an Books. 


Deposits, 
Earnings, undi- 
vided, 
Guaranty fund, 
Rents, 


$10,000,084 13 

232,696 81 

62,397 28 

4,621 88 


Public funds, .... 
Loans on public funds, . 
Bank stock, .... 
Loans on bank stock, 
Railroad bonds and note, 
Real estate, . 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Deposits in banks on interest, 
Deposits in banks not on inter- 
Expense account, 
Premium account, . 
Cash on hand, . . 


$1,530,500 00 

18,000 00 

445,125 00 

2,000 00 

237,500 00 

150,000 00 

48,070 59 

4,613,174 75 

2,752,500 00 

414,771 40 

31,314 50 

2,049 05 

31,044 61 

23,750 20 




$10,299,800 10 


$10,299,800 10 



Loans on Public Funds, amount on each : — 
On City of Chelsea bonds, $6,000 ; City of Fall River, $6,000, 
On United States coupon 6s of 1881, $6,000, . 



$12,000 00 
6,000 00 



Loan on Bank Stock : — 
On 25 shares of Mechanics' National Bank, Boston, 



$2,000 00 



Cash on Deposit in Banks : — 
New England National Bank, Boston, 
Columbian National Bank, Boston, . 
Merchandise National Bank, Boston, 
Revere National Bank, Boston, . 



$118,762 18 

2,552 32 

152,397 29 

172,374 11 



Amount invested in real estate, $150,000 00 

Estimated market value of the same, . . 150,000 00 

Amount of real estate by foreclosure, 48,070 59 

Assessed value of the same, 46,500 00 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent., 

for the previous year, . . . . ) 2 per cent., 
Times for the dividends fixed by the by-laws: second Wednesday 

of April and October. 



:{ 



$556,496 97 
195,868 20 
193,616 06 



1879.] 



PUBLIC DOCUMENT — No. 8. 



289 



Average annual per cent, of dividends for the term ending at the 

time of and including last extra dividend : 5 t -§-q per cent. 
The total amount of loans, with each specified rate of interest: 
$175,000, 3£ per cent. ; $73,000, 4 per cent. ; $62,000, 4£ per cent. ; 
$2,320,000, 5 per cent. ; $547,500, 5f.per cent. ; $2,537,462.25, 6 per- 
cent. ; $329,000, 6£ per cent. ; $1,341,712.50, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 35 

Aggregate amount of the same, $85,000 00 

Number of open accounts, 25,345 

Number and amount of deposits received for previous year, 18,873 2,155,430 00 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, .... 2,056 1,173,511 00 
Number and amount of withdrawals, .... 19,791 2,914,015 14 
Number of accounts opened during the previous year, . 5,895 
Number of accounts closed during the previous year, . 4,523 
Amount of expenses of the corporation during previous year, . 22,664 32 

Amount of treasurer's bonds, . - . 20,000 00 

Date of examination by commissioner : Nov. 18. 



Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 4^ per cent., . 

6s of 1867, . 

" " " 6s of 1881, .. 

" " " 5s of 1881, . 

" " " 6s of 1865, . 

City bonds : — 
City of Worcester 6s of 1885, . 

of New Bedford 6s of 1897, . 
of Manchester, N.H., 5s of '83, 


$300,000 

300,000 

570,000 

300,000 

11,500 

20,000 
10,000 
19,000 


$311,625 00 

318,375 00 

616,312 50 

314,625 00 

11,859 37 

21,450 00 
11,000 00 
19,190 00 


$300,000 00 

300,000 00 

570,000 00 

300,000 00 

11,500 00 

20,000 00 
10,000 00 
19,000 00 



Bank 


Stock. 






Market Nat'l Bank, Boston, . 


$15,000 


$13,537 50 


$15,000 00 


Atlas Nat'l Bank, Boston, 


62,400 


68,796 00 


62,400 00 


Washington Nat'l Bank, Boston, . 


15,000 


17,787 50 


15,000 00 


Hamilton Nat'l Bank, Boston, 


15,000 


15,300 00 


15,000 00 


State Nat'l Bank, Boston, 


11,700 


12,899 23 


11,700 00 


Shoe and Leather Nat'l Bank, Boston, 


10,000 


10,025 00 


10,000 00 


Revere Nat'l Bank, Boston, 


30,000 


29,700 00 


30,000 00 


Bay State Nat'l Bank, Lawrence, .• 


13,125 


15,750 00 


13,125 00 


Shawmut Nat'l Bank, Boston, 


13,300 


13,433 00 


13,300 00 


City Nat'l Bank, Boston, 


15,000 


16,050 00 


15,000 00 


Commerce Nat'l Bank, Boston, 


20,000 


16,000 00 


20,000 00 


Hide and Leather Nat'l Bank, Boston, 


5,000 


5,100 00 


5,000 00 



37 



290 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Union Nat'l Bank, Boston, 


$10,000 


$12,500 00 


$10,000 00 


Merchants' Nat'l Bank, Boston, 


53,200 


66,500 00 


53,200 00 


Columbian Nat'l Bank, Boston, 


49,200 


65,190 00 


49,200 00 


Massachusetts Nat'l Bank, Boston, . 


5,000 


5,200 00 


5,000 00 


"Webster Nat'l Bank, Boston, . 


50,000 


46,375 00 


50,000 00 


Railroad Nat'l Bank, Lowell, . 


5,000 


5,412 50 


5,000 00 


New England Nat'l Bank, Boston, . 


1,100 


1,443 75 


1,100 00 


Eagle Nat'l Bank, Boston, 


36,100 


37,137 87 


36,100 00 


Tremont Nat'l Bank, Boston, . 


10,000 


10,175 00 


10,000 00 


Railroad Bonds. 


Old Colony and Newport R.R. bonds, 








6s, $200,000, .... 


$200,000 


$208,000 00 


$200,000 00 


Portland, Saco, and Portsmouth R. R. 








note, 


37,500 


37,500 00 


37,500 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



291 



TAUNTON SAVINGS BANK i — TAUNTON. 

Incorporated 1869. Number of corporators, 112. 

John E. Sanford, President. Treasurer, Henry Ft. Wood. 

Statement. 



4 

Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,341,458 13 


Public funds, . 


$237,003 12 


Earnings, undi- 




Loans on public funds, . 


300 00 


vided, 


98,376 67 


Bank stock, .... 


79,208 12 


Guaranty fund, . 


7,400 00 


Loans on bank stock, 


100 00 


Suspense acc't, . 


2,408 49 


Railroad bonds, 


10,000 00 






Real estate by foreclosure, 


207,429 65 






Loans on real estate, 


683,923 46 






Loans on personal security, . 


212,994 60 






Loans to cities and towns, 


12,500 00 






Loans on railroad stock, . 


175 00 






Expense account, 


1,063 70 






Furniture, 


3,173 89 






Cash on band, .... 


1,771 75 




$1,449,643 29 


$1,449,643 29 



Loan on Public Funds : — 
On United States bonds, par value $300, . 

Loan on Bank Stock : — 
On 1 share Taunton National Bank, Taunton, 

Loan on Railroad Stock : — 
On 2 shares Boston and Providence Railroad, . 

Cash on Deposit in Bank : — 
Taunton National Bank, Taunton, . 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$300 00 
$100 00 
$175 00 

$1,672 85 

$207,429 65 
129,860 00 



Whole amount of interest or profits received or earned, . . . $68,913 33 
Rate and amount of each semi-annual dividend for the previous year, None. 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest : 

$12,500, 4 per cent. ; $48,500, 5 per cent. ; $100,000, 6 per cent. ; 

$526,024.17, 6* per cent. ; $103,291.75, 7 per cent. ; $52,777.14, 7* 

per cent. ; $30,400, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . 279 

Aggregate amount of the same, 295,261 42 

Number of open accounts, 3,787 

Number and amount of deposits received for previous year, . 100 7,008 30 



1 Temporarily enjoined by a decree of the Supreme Judicial Court Dec. 24, 1877. 



292 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits of and exceeding $300 at any- 
one time for the previous year, 4 $3,642 40 

Number and amount of withdrawals, 219 31,826 74 

Number of accounts opened during the previous year, . . 23 
Number of accounts closed during the previous year, . . 69 
A mount of expenses of the corporation during previous year, . . 3,629 97 

Amount of treasurer's bonds, 30,000 00 

Date of examination by commissioner : Sept. 24. 



Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 4| per cent., . 


$159,000 


$165,360 00 


$165,299 37 


" " " cur'cy, 6perct., 


15,000 


18,093 75 


18,006 25 


City and town bonds : — 








City of Lewiston, Me., 


10,000 


10,150 00 


10,075 00 


of Taunton, .... 


2,900 


2,972 50 


2,972 50 


Town of Hadley, .... 


5,000 


5,050 00 


5,068 75 


of Williamsburg, . 


10,000 


10,000 00 


10,087 50 


of Stoneham, 


10,000 


10,100 00 


10,187 50 


City of Fall River, . 


15,000 


15,225 00 


15,306 25 



Bank Stock. 



Merchants' Nat'l B'k, New Bedford, 
First Nat'l Bank, New Bedford, . 
Commerce Nat'l Bank, New Bedford, 
Atlas Nat'l Bank, Boston, 
City Nat'l Bank, Boston, 
Taunton Nat'l Bank, Taunton, 
Bristol County Nat'l Bank, Taunton, 
Machinists' Nat'l Bank, Taunton, . 



$20,000 

1,700 

10,200 

5,500 

10,000 

10,900 

3,400 

900 



$25,200 00 
1,521 50 
8,695 50 
6,050 00 
10,700 00 
14,715 00 
4,760 00 
1,300 00 



$27,200 00 

2,211 01 

12,311 00 

6,208 61 

11,362 50 

14,250 00 

4,405 00 

1,260 00 



Railroad Bonds. 



Cape Cod Railroad bonds, 7s, 




$10,375 00 



$10,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



293 



TEMPLETON SAVINGS BANK — BALD WINVILLE, TEMPLETON. 

Incorporated April 19, 1871. Number of corporators, 57. 
Charles A. Perlev, President. Treasurer, Otis D. Sawin. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$64,471 15 
187 63 
523 77 


Bank stock, .... 
Loans on "bank stock, 
Loans on real estate, 
Loans on personal security, . 
Cash on hand, .... 


$3,000 00 

1,700 00 

40,385 00 

13,684 00 

6,413 55 




$65,182 55 


$65,182 55 



Loans on Bank Stock, amount on each : — 
On 7 shares Gardner National Bank, Gardner, . 
On 10 shares First National Bank, Winchendon, 



$700 00 
1,000 00 



Whole amount of interest or profits received or earned, . . . $3,977 54 

Bate and amount of each semi-annual dividend ) 2£ per cent., . j 1,462 83 

for the previous year, ) 2£ per cent., . I 1,510 34 

Times for the dividends fixed by the by-laws : January and July, 
The total amount of loans, with each specified rate of interest: 

$5,100, 6 per cent. ; $53,669, 6£ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 114 

Aggregate amount of the same, . . . . . . . . 58,769 00 

Number of open accounts, 301 

Number and amount of deposits received for previous year, . 153 11,598 39 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 7 2,925 00 

Number and amount of withdrawals, . . . . 129 8,159 16 

Number of accounts opened during the previous year, . . 49 

Number of accounts closed during the previous year, . . 21 

Amount of expenses of the corporation during previous year, . 680 89 

Amount of treasurer's bonds, . 10,000 00 

Date of examination by commissioner : Oct. 25. 

Bank Stock. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Orange Nat'l Bank, Orange, . 



$3,000 



$3,180 00 



1,000 00 



294 



BANK COMMISSIONERS' REPORT. 



FJan. 



UNION INSTITUTION FOR SAYINGS IN THE CITY OF BOSTON — 

BOSTON. 

Incorporated Feb. 11, 1865. Number of corporators, 37. 

John C. Crowley, President. Treasurer, George F. Emery. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 


$3,088,843 22 


Public funds, . . ' . 


$627,006 75 


Earnings, undi- 




Real estate, .... 


278,601 06 


vided, 


13,032 20 


Real estate by foreclosure, 


386,969 66 


Guaranty fund, . 


25,000 00 


Loans on real estate, 


1.561,780 00 


Accrued interest 




Loans on personal security, 




as per verdict 




with collateral, 


89,002 00 


vs. City Boston, 


16,000 00 


Deposit in banks on interest, . 


27,023 38 


Profit and loss 




Yerdict in Farnsworth vs. City 




account, . 


14,933 75 


of Boston, .... 


131,000 00 


Mortgage, inter- 




Security fund, town of Arling- 




est, and sus- 




ton bonds, .... 


51,500 00 


pense account. 


3,236 75 


Cash on band, .... 


8,168 86 


Suspense acc't, . 


5 79 








$3,161,051 71 


83,161,051 71 



Cash on Deposit in Banks : — 

National Exchange Bank, Boston, $15,032 27 

Boston Safe Deposit and Trust Company, 11,991 11 

Amount invested in real estate, $278,601 06 

Estimated value of the same, 278,000 00 

Amount of real estate by foreclosure, 886,969 66 

Estimated value of the same, 400,000 00 



Whole amount of interest or profits received or earned, . . . $163,942 92 
Rate and amount of each semi-annual dividend ) 2 per cent., . f 73,513 79 

for the previous year, j 2 per cent,, ,( 65,793 50 

Times for the dividends fixed by the by-laws : third Wednesday of 

May and November. 
The total amount of loans, with each specified rate of interest : 

$16,700, 4 per cent. ; $497,002, 6 per cent. ; $14,300, 6i per cent. ; 

$806,770, 7 per cent. ; $400, 7 T % per cent. ; $42,000, 7£ per cent. ; 

$273,610, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 503 

Aggregate amount of the same, 663,230 00 

Number of open accounts, 8,432 

Number and amount of deposits received for previous year, 3,872 888,914 09 



1879.] 



PUBLIC DOCUMENT — No. 8. 



295 



Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 185 $106,502 31 

Number and amount of withdrawals, .... 11,930 1,115,288 50 
Number of accounts opened during the previous year, . . 621 
Number of accounts closed during the previous year, . 1,432 
Amount of expenses of the corporation during previous year, . . 10,883 96 

Amount of treasurer's bonds, t 10,000 00 

Date of examination by commissioner : June 16. 

Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 10-40s, . 

<( a u Ala 

City and town bonds : — 

City of Boston 5s, gold, . 

of Boston 5 per cent, registered, 

of Providence 5s, gold, 

of Providence 5s, registered, . 

Town of Arlington 5 per cent. , 


$125,000 
50,000 

150,000 
75,000 

100,000 
60,000 
50,000 


$132,968 75 
51,937 50 

166,125 00 
83,062 50 

107,000 00 
64,200 00 
51,500 00 


$147,531 75 
54,312 50 

168,375 00 
83,437 50 

108,250 00 
65,100 00 
51,500 00 






296 



BANK COMMISSIONERS' REPORT. 



[Jan. 



UNION SAVINGS BANK i — FALL RIVER. 

Incorporated April, 1869. Number of corporators, 31. 

Augustus Chace, President. Treasurer, D. A. Chap-in. 

Statement. 



LIABILITIES. 


Assets. 


Yalue on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$595,809 21 

23,252 83 

3,600 00 


; Public funds, .... 
Bank stock, .... 
Real estate, .... 
Loans on real estate, 
Loans on personal security, . 
Cash on band, .... 


$10,000 00 

36,575 00 

38,000 00 

306,154 00 

227,113 00 

4,820 00 




£622, 662 04 


$622,662 04 



Amount invested in real estate, $38,000 Oo 

Estimated value of the same, 40,000 00 

Whole amount of interest or profits received or earned, . . . $35,542 77 
Rate and amount of each semi-annual dividend \ 2\ per cent., . ( 15,430 23 

for the previous year, J 2£ per cent., . i 14,836 22 

Times for the dividends fixed by the by-laws : May 15 and Nov. 15. 
The total amount of loans, with each specified rate of interest: 

$533,267, 6i per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 130 

Aggregate amount of the same, 160,237 00 

Number of open accounts, 1,296 

Number and amount of deposits received for previous year, . 634 76,343 23 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 33 20,134 60 

Number and amount of withdrawals, .... 1,486 125,230 76 
Number of accounts opened during the previous year, . . 114 
Number of accounts closed during the previous year, . . 212 
Amount of expenses of the corporation during previous year, . 1,650 00 

Amount of treasurer's bonds, 25,000 00 

Date of examination by commissioner: May 14. 

Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City bonds : — 
City of Fall Kiver, . 


$10,000 


110,500 00 


110,000 00 



Bank Stock. 



Nat'l Union Bank, Fall River, 
Metacomet Nat'l Bank, Fall River, 
Pocasset Nat'l Bank, Fall River, 



$17,400 

11,400 

2,500 



$19,140 00 

14,385 00 

3,050 00 



$19,140 00 

14,385 00 

3,050 00 



1 An order reguiating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued May 16, 1878. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



297 



UXBRIDGE SAVINGS BANK — UXBRIDGE. 

Incorporated June 3, 1870. Number of corporators, 63. 

Moses Taft, President. Treasurer, C. A. Taft. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$301,319 10 
6,561 71 
1,680 00 


Bank stock, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Deposit in bank on interest, 

Expense account, 

Profit and loss, 




$126,281 45 

19,380 48 

131,972 00 

26,973 00 

953 45 

1,150 43 

2,850 00 




$309,560 81 






$309,560 81 



Cash on Deposit in Bank : — 
Blackstone National Bank, Uxbridge, 



$953 45 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$19,380 48 
22,000 00 



Whole amount of interest or profits received or earned, . . . $16,178 69 
Eate and amount of one dividend for previous year (2 per cent. ), . 6,360 86 
Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7 per cent. 
The total amount of loans, with each specified rate of interest: 

$11,253, 6 per cent. ; $10,500, 61 per cent. ; $22,620, 7£ per cent. ; 

$765, 8 per cent. ; $113,807, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .97 

Aggregate amount of the same, 102,742 00 

Number of open accounts, 1,032 

Number and amount of deposits received for previous year, 399 41,291 85 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 38 21,692 68 

Number and amount of withdrawals, 550 68,492 29 

Number of accounts opened during the previous year, . . 82 
Number of accounts closed during the previous year, . . 146 
Amount of expenses of the corporation during previous year, . 825 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner: June 20. 
38 



298 



BANK COMMISSIONERS' REPORT. 

Bank Stock. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Redemption Nat'l Bank, Boston, 


$4,000 


$5,200 00 


$5,610 00 


Suffolk Nat'l Bank, Boston, . 


6,100 


6,893 00 


7,945 00 


Hide and Leather Natl Bank, Boston, 


13,000 


13,520 00 


15,259 12 


Revere Nat'l Bank, Boston, 


3,000 


3,090 00 


3,820 00 


Howard Nat'l Bank, Boston, . 


11,200 


11,648 00 


12,919 00 


North Nat'l Bank, Boston, 


6,000 


6,780 00 


7,494 50 


Tremont Nat'l Bank, Boston, . 


5,800 


6,032 00 


7,280 00 


Eliot Nat'l Bank, Boston, 


11,000 


11,440 00 


13,148 75 


Webster Nat'l Bank, Boston, . 


6,900 


6,969 00 


7,516 75 


State Nat'l Bank, Boston, 


7,800 


8,892 00 


8,974 75 


Mount Vernon Nat'l Bank, Boston, . 


1,800 


1,800 00 


2,223 75 


Atlas Nat'l Bank, Boston, 


3,300 


3,729 00 


4,134 25 


Eagle Nat'l Bank, Boston, 


3,000 


3,150 00 


3,777 75 


Blackstone Nat'l Bank, Uxbridge, . 


1,700 


2,142 00 


2,260 00 


Grafton Nat'l Bank, Grafton, . 


500 


540 00 


540 00 


First Nat'l Bank, Clinton, 


2,000 


2,480 00 


2,480 00 


Wachusett Nat'l Bank, Fitchburg, . 


2,500 


3,000 00 


5,000 00 


Franklin Nat'l Bank, Franklin, 


5,400 


6,480 00 


6,490 00 


Central Nat'l Bank, Boston, . 


2,000 


1,660 00 


2,000 00 


Millbury Nat'l Bank, Millbury, 


1,700 


2,006 00 


2,000 00 


Eleventh Ward Nat'l Bank, Boston, 


1,400 


700 00 


2,399 33 


Manufacturers' Nat'l Bank, Boston, 


3,000 


2,580 00 


3,002 50 



1879.] 



PUBLIC DOCUMENT — No. 8. 



299 



WAKEFIELD SAVINGS BANK — WAKEFIELD. 

Incorporated 1869. Number of corporators, 54. 

James F. Emerson, President. Treasurer, Chester W. Eaton. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$71,343 88 


Railroad bonds, 


$4,090 00 


Guaranty fund, 


385 88 


Real estate by foreclosure, 


7,496 31 






Loans on real estate, 


47,685 05 






Loans on personal security, . 


2,050 00 






Loans to counties, cities, or 








towns, 


7,815 00 






Expense account, 


171 49 






Interest account, 


21 76 






Profit and loss, . . 


21 25 






Cash on hand, .... 


2,378 90 




$71,729 76 


$71,729 76 



Cash on Deposit in Bank : — 
National Bank of South Reading, Wakefield, 

Amount of real estate by foreclosure, 
Estimated value of the same, 



49 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2\ per cent. 

for the previous year, ) 2\ per cent. 

Times for dividends fixed by the by-laws : February and August. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6£ per cent. 
The total amount of loans, with each specified rate of interest: 

$11,905, 6 per cent. ; $37,877.50, 7 per cent. ; $2,800, 7 T 3 ¥ per cent. ; 

$8,207.55, 8 per cent. ; $500, 9 per cent. ; $350, 10 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 

Aggregate amount of the same, .... . . 

Number of open accounts, 

Number and amount of deposits received for previous year, 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 

Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, . 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : Oct. 22. 



£2,248 42 

£7,496 31 
7,496 31 

£4,785 64 
1,832 29 
1,645 78 



. 


46,355 05 


583 




501 


17,692 86 


7 


3,138 71 


544 


31,394 28 


81 




140 




. 


712 24 




10,000 00 



Railroad Bonds. 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Old Colony and Newport R.R. bonds, 
Boston and Albany Railroad bonds, 


$3,000 
1,000 


$3,060 00 
1,030 00 


$3,060 00 
1,030 00 



300 



BANK COMMISSIONERS' REPORT. 



[Jan. 



WALES SAVINGS BANK— WALES. 

Incorporated 1870. Number of corporators, 76. 

Elijah Shaw, President. Treasurer ; J. C. Bukley. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Interest, . 
Guaranty fund, 


$19,325 48 

1,048 46 

4 02 

105 00 


Bank stock, .... 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

Expense account, 

Office furniture, 

Cash on hand, . . ... 


$5,690 00 

12,072 00 

1,714 63 

298 60 

1 74 

240 00 

465 99 




$20,482 96 


$20,482 96 



Whole amount of interest or profits received or earned, . . . $1,245 78 
Kate and amount of each semi-annual dividend ") 2-J per cent., . ( 492 00 

for the previous year, j 2£ per cent., . ( 483 48 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$14,085.23, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 29 

. Aggregate amount of the same, 14,085 23 

Number of open accounts, 122 

Number and amount of deposits received for previous year, 260 1,527 16 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, None. 

Number and amount of withdrawals, 49 2,668 16 

Number of accounts opened during the previous year, . .11 
Number of accounts closed during the previous year, . . 21 
Amount of expenses of the corporation during previous year, . 55 39 

Amount of treasurer's bonds, ' . 10,000 00 

Date of examination by commissioner: Aug. 21. 



Bank Stock. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Southbridge Nat'l B'k, Southbridge, 


$700 


$700 00 


$875 00 


Continental Nat'l Bank, Boston, 


1,000 


1,100 00 


1,185 00 


Hamilton Nat'l Bank, Boston, 


1,000 


1,250 00 


1,220 00 


Bevere Nat'l Bank, Boston, 


1,500 


1,600 00 


1,785 00 


Monson Nat'l Bank, Monson, . 


500 


660 00 


625 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



301 



WALTHAM SAVINGS BANK — WALTHAM. 

Incorporated 1853. Number of corporators, 30. 
Horatio Moore, President. Treasurer, F. M. Stone. 

♦Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 


$1,036,261 08 

19,832 98 
14,140 00 


Public funds, 
Bank stock, 
Railroad bonds, 
-Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, 
Deposit in banks, 
Cash on hand, . 




$155,000 00 
93,975 00 
59,900 00 
4,600 00 
688,751 56 
16,826 53 
41,000 00 
.10,180 97 




$1,070,234 06 






$1,070,234 06 



Cash on Deposit in Banks : — 

Waltham National Bank, Waltham, $9,000 00 

Boston Safe Deposit and Trust Company, 41,000 00 

Real estate by foreclosure, $4,600 00 

Estimated value of the same, 4,500 00 



Whole amount of interest or profits received, $61,178 60 

Rate and amount of each semi-annual dividend > 2% per cent., . C 27,947 08 

for the previous year, J 2 per cent., . \ 20,546 84 

Times for the dividends fixed by the by-laws : second Wednesday 

of April and October. 
The total amount of loans, with each specified rate of interest : 

$6,000, 6 per cent. ; $699,578.09, 7 per cent. . 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 222 

Aggregate amount of the same, 269,621 54 

Number of open accounts, 3,543 

Number and amount of deposits received for previous year, 2,352 186,219 57 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 82 41,118 26 

Number and amount of withdrawals, .... 2,862 315,340 51 

Number of accounts opened during the previous year, . . 442 

Number of accounts closed during the previous year, . . 692 

Amount of expenses of the corporation during previous year, . 3,350 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Dec. 6. 



302 



BANK COMMISSIONERS' REPORT. 
Public Funds. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 

Town bonds : — 
Town of Waltham 6s, 


$15^)00 
140,000 


$16,200 00 
145,600 00 


$15,000 00 
140,000 00 



Bank Stock. 



Revere Nat'l Bank, Boston, 
Mount Vernon Nat'l Bank, Boston, 
Third Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Hide and Leather Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Commerce Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
Suffolk Nat'l Bank, Boston, . 
North Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, . 
Shawmut Nat'l Bank, Boston, 
Central Nat'l Bank, Boston, . 
Metropolitan Nat'l Bank, Boston, 
Waltham Nat'l Bank, Waltham, 



$3,800 
5,000 
2,500 
7,300 
3,000 
4,000 
3,000 
6,000 
5,300 
7,700 
4,000 
5,000 
5,000 
2,000 

30,375 



$3,800 00 


4,350 


00 


2,075 


00 


6,497 00 


3,030 


00 


3,640 


00 


2,400 


00 


5,400 


00 


5,830 


00 


8,624 00 


3,880 


00 


5,200 


00 


4,150 


00 


1,940 


00 


38,475 00 



00 
00 
00 
00 
00 
00 
00 



$3,800 
5,000 
2,500 
7,300 
3,000 
4,000 
3,000 
6,000 00 
5,300 00 
7,700 
4,000 
5,000 
5,000 
2,000 



00 
00 
00 
00 
00 



30,375 00 



Railroad Bonds. 



Boston and Lowell Railroad bonds, 
Cheshire Railroad bonds, 
Old Colony Railroad bonds, 
Boston and Maine Railroad bonds, 




$34,770 00 

16,000 00 

11,200 00 

5,800 00 



$30,500 00 

14,400 00 

10,000 00 

5,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



303 



WAEE SAVINGS BANK — WARE. 

Incorporated March, 1850. Number of corporators, 40. 

"William Hyde, President. Treasurer, Otis Lane. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,565,217 29 


Public funds, .... 


$330,000 00 


Earnings, undi- 




Loans on public funds, . 


1,650 00 


vided, 


38,026 14 


Bank stock, .... 


290,500 00 


Guaranty fund, . 


9,881 09 


Loans on bank stock, 


11,300 00 






Railroad bonds, . . . 


238,000 00 






Loans on real estate, 


477,266 22 






Loans on personal security, . 


194,756 17 






Loans on railroad stock, . 


3,000 00 






Loans to counties, cities, or 








towns, 


60,000 00 






Expense account, . . . 


1,076 15 






Cash on hand, .... 


5,575 98 




$1,613,124 52 


$1,613,124 52 



Loan on Public Funds : — 
On United States bonds, par value $1,650, 

Loans on Bank Stock, amount on each : — 
On 71 shares Ware National Bank, Ware, . 
On 38 shares Hampshire County National Bank, 
On 20 shares Eliot National Bank, 



Loan on Railroad Stock: — 
On 45 shares Boston and Albany Railroad, . 



. $1,650 00 



p6,300 00 
3,000 00 
2,000 00 



. $3,000 00 



Whole amount of interest or profits received or earned, . . . $93,364 79 
Rate and amount of each semi-annual dividend ") 2\ per cent., . . C 38,947 06 

for the previous year, j 2 per cent.,. . j 30,522 59 

Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest: 

$55,000, 5 per cent. ; $18,000, 6 per cent. ; $673,472.39, 6i per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 227 

Aggregate amount of the same, . . 233,934 61 

Number of open accounts, ....... 3,534 

Number and amount of deposits received for previous year, 1,614 169,426 44 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 139 87,600 43 

Number and amount of withdrawals, .... 1,909 272,434 75 

Number of accounts opened during the previous year, . . 395 

Number of accounts closed during the previous year, . . 511 

Amount of expenses of the corporation during previous year, . 4,211 66 

Amount of treasurer's bonds, 25,000 00 

Date of examination by commissioner: Aug. 22. 



304 



BANK COMMISSIONERS' REPORT. 
Public Funds. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amouut Invested. 


United States bonds, currency 6s, . 


$50,000 


$59,500 00 


$50,000 00 


" " " 6s gold, 1881, . 


50,000 


52,250 00 


50,000 00 


" " " 4| per cent., . 


200,000 


206,000 00 


200,000 00 


(( a a 4 u 


20,000 


20,000 00 


20,000 00 


City bonds : — 








City of Springfield 6s, . 


10,000 


10,600 00 


10,000 00 



Bank Stock. 



Ware Nat'l Bank, Ware, 


$42,600 


$51,120 00 


$42,600 00 


Monson Nat'l Bank, Monson, . 


4,700 


5,875 00 


4,700 00 


City Nat'l Bank, Worcester, . 


5,000 


5,500 00 


5,000 00 


Easthampton Nat'l B'k, Easthampt'n, 


15,000 


18,000 00 


15,000 00 


Leicester Nat'l Bank, Leicester, 


2,100 


2,310 00 


2,100 00 


Boston Nat'l Bank, Boston, 


20,000 


17,800 00 


20,000 00 


Eliot Nat'l Bank, Boston, 


6,000 


5,760 00 


6,000 00 


North America Nat'l Bank, Boston, 


12,100 


11,979 00 


12,100 00 


Traders' Nat'l Bank, Boston, . 


15,400 


13,860 00 


15,400 00 


Second Nat'l Bank, Boston, 


15,000 


20,250 00 


15,000 00 


Redemption Nat'l Bank, Boston, 


10,000 


12,000 00 


10,000 00 


North Nat'l Bank, Boston, 


10,000 


11,250 00 


10,000 00 


Commerce Nat'l Bank, Boston, 


10,000 


8,000 00 


10,000 00 


Republic Nat'l Bank, Boston, . 


15,000 


18,900 00 


15,000 00 


Washington Nat'l Bank, Boston, 


3,000 


3,750 00 


3,000 00 


First Nat'l Bank, Boston, 


10,000 


16,900 00 


10,000 00 


Merchants' Nat'l Bank, Boston, 


10,000 


12,500 00 


10,000 00 


Revere Nat'l Bank, Boston, 


15,000 


15,000 00 


15,000 00 


Webster Nat'l Bank, Boston, . 


20,000 


19,600 00 


20,000 00 


State Nat'l Bank, Boston, 


14,000 


15,400 00 


14,000 00 


Continental Nat'l Bank, Boston, 


10,000 


8,500 00 


10,000 00 


Union Nat'l Bank, Boston, 


2,600 


3,276 00 


2,600 00 


Atlantic Nat'l Bank, Boston, . 


1,000 


1,250 00 


1,000 00 


Atlas Nat'l Bank, Boston, . . 


10,000 


11,000 00 


10,000 00 


Globe Nat'l Bank, Boston, 


5,000 


3,800 00 


5,000 00 


Southbridge Nat'l B'k, Southbridge, 


1,500 


1,950 00 


1,500 00 


Tremont Nat'l Bank, Boston, . 


5,500 


5,445 00 


5,500 00 



Railroad Bonds. 



Boston and Albany R.R. bonds, 6s, . 
" " " " 7s,. 

Boston and Maine Railroad bonds, . 
Eastern Railroad bonds (new), 



$50,000 
60,000 
75,000 
53,000 



$53,000 00 


70,800 00 


87,000 00 


37,630 00 



$50,000 00 
60,000 00 
75,000 00 
53,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



305 



WAKEHAM SAVINGS BANK — WAREHAM. 

Incorporated 1847. Number of corporators, 26. 

Gerard C. Tobey, President. Treasurer, Thomas It. Miles. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Other liabilities, 


$464,643 02 

8,839 79 

3,100 00 

26,144 82 


Bank stock, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Expense account, 


$178,029 56 

20,096 21 

278,459 33 

25,312 68 

829 85 




$502,727 63 


$502,727 63 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$20,096 21 
20,096 21 



Whole amount of interest or profits received or earned, . . . $24,252 66 
Eate and amount of each semi-annual dividend ) 2 per cent., . ( 10,610 22 

for the previous year, ) 2 per cent., .' 9,693 92 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest : 

$18,000, 5 per cent. ; $113,842.01, 6 per cent. ; $70,050, 7 per cent. ; 

$490, 7 T 3 Q per cent. ; $10,100, 7£ per cent. ; $5,000, 7f per cent. ; 

$862.90, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 70 

Aggregate amount of the same, 70,861 16 

Number of open accounts, 1,369 

Number and amount of deposits received for previous year, . 218 22,977 69 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 24 13,328 35 

Number and amount of withdrawals, 862 120,566 63 

Number of accounts opened during the previous year, . . 54 
Number of accounts closed during the previous year, . . 228 
Amount of expenses of the corporation during previous year, . 1,557 10 

Amount of treasurer's bonds, 5,000 00 

Date of examination by commissioner: July 15. 

39 



806 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Baxk Stock. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Eagle Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
Nat'l Bank of North America, Boston 
Nat'l City Bank, Boston, . 
Nat'l Bank of Commerce, Boston, 
Nat'l Revere Bank, Boston, 
Nat'l Exchange Bank, Boston, 
Nat'l Bank of Republic, Boston, 
First Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Shoe and Leather Nat'l Bank, Boston 
Blackstone Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Atlantic Nat'l Bank, Boston, . 
Shawniut Nat'l Bank, Boston,. 
Merchants' Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Boylston Nat'l Bank, Boston, . 
Andover Nat'l Bank, Andover, 
Falmouth Nat'l Bank, Falmouth, 
Merchants' Nat'l Bank, New Bedford. 
Nat'l Bank of Wareham, 
Eleventh Ward Nat'l Bank, Boston, 



510,000 

10,000 

7,500 

5,000 

6,700 

4,500 

700 

3,000 

2,000 

7,400 

6,600 

10.000 

10,000 

4,100 

10,000 

10,000 

10,000 

13.100 

500 

5,000 

2,500 

24,000 

5,300 



$10,200 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 



11,100 

7,650 

5,000 

5,025 

5,000 
945 

3,750 

3.400 

9,768 

6,900 00 
10,200 00 
12,500 00 

5,106 00 
10,500 00 
13,300 00 
11,100 00 
15.065 00 
575 

5,800 

3,250 
28,800 00 

3,180 00 



00 
00 
00 



00 
00 
00 
25 



$10,591 50 
10,541 25 

6,692 50 

5,000 00 

6,770 75 

4,973 00 
700 

3,000 

2,000 

7,246 

6,600 00 
12,990 26 
11,328 25 

4,477 75 
10,000 00 
10,478 38 
11,624 38 
ll,-232 26 
500 00 

5,194 

2,500 
24,086 

9,502 



50 
00 
50 
08 



1879.] 



PUBLIC DOCUMENT — No. 8. 



307 



WARREN FIVE CENTS SAVINGS BANK — PEABODY. 

Incorporated April 24, 1854. Number of corporators, 61. 

Rufus H. Brown, President. Treasurer , Albert H. Merrill. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 


$1,279,515 02 

38,158 74 
6,595 00 


Public funds, .... 
Bank stock, .... 
Loans on bank stock, 
Railroad bonds, 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

Cash on hand in bank, . 


$67,000 00 

129,584 00 

150 00 

24,675 00 
112,697 59 
519,045 00 

45,150 00 

397,035 00 
28,932 17 




$1,324,268 76 


$1,324,268 76 



Loan on Bank Stock : — 
On 11 shares Warren National Bank, 

Amount of real estate by foreclosure, 
Assessed value of the same, 



$150 00 

$112,697 59 
97,875 00 



Whole amount of interest or profits received or earned, . . . $82,496 55 
Rate and amount of each semi-annual dividend ) 2-J per cent., . ( 32,381 88 

for the previous year, ) 2£ per cent., .( 31,988 76 

Times for the dividends fixed by the by-laws : third Wednesday of 

May and November. 
The total amount of loans, with each specified rate of interest: 

$110,750, 6 per cent. ; $95,475, 6J per cent. ; $191,970, 7 per cent. ;• 

$7,300, 7 T % per cent. ; $134,500, 7i per cent. ; $24,350, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 172 

Aggregate amount of the same, 236,320 00 

Number of open accounts, 3,476 

Number and amount of deposits received for previous year, 1,545 126,017 50 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 116 64,480 37 

Number and amount of withdrawals, .... 1,947 240,474 01 

Number of accounts opened during the previous year, . . 335 

Number of accounts closed during the previous year, . . 457 

Amount of expenses of the corporation during previous year, . 2,600 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Nov. 26. 



308 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States bonds, currency 6s, 
" " " 5-20s, gold, 

" " " 4£s, 



$40,000 
15,000 
12,000 



$48,000 00 
15,450 00 
12,480 00 



$40,000 00 
15,000 00 
12,000 00 



Bank Stock. 



Warren Nat'l Bank, Peabody, . 


$2,900 


$3,915 00 


$2,900 00 


Howard Nat'l Bank, Boston, . 


4,700 


4,888 00 


4,689 00 


Nat'l Exchange Bank, Boston, 


8,000 


10,800 00 


8,000 00 


Nat'l Webster Bank, Boston, . 


4,000 


3,920 00 


4,000 00 


Atlantic Nat'l Bank, Boston, . 


1,500 


1,875 00 


1,500 00 


Suffolk Nat'l Bank, Boston, 


1,500 


1,650 00 


1,500 00 


Shoe and Leather Nat'l Bank, Boston, 


5,100 


5,100 00 


5,100 00 


Nat'l Hide and Leather Bank, Boston, 


10,000 


10,100 00 


9,950 00 


Nat'l Exchange Bank, Salem, . 


900 


990 00 


900 00 


Nat'l Grand Bank, Marblehead, 


4,800 


5,148 00 


4,595 00 


Asiatic Nat'l Bank, Salem, 


2,250 


2,850 00 


2,250 00 


Atlas Nat'l Bank, Boston, 


16,500 


18,150 00 


16,500 00 


Nat'l Revere Bank, Boston, 


4,500 


4,500 00 


4,500 00 


Eliot Nat'l Bank, Boston, 


9,500 


9,215 00 


9,500 00 


Blackstone Nat'l Bank, Boston, 


6,800 


6,460 00 


6,800 00 


Washington Nat'l Bank, Boston, 


500 


625 00 


500 00 


Tremont Nat'l Bank, Boston, . 


10,100 


10,049 50 


10,100 00 


Hamilton Nat'l Bank, Boston, 


2,000 


2,040 00 


2,000 00 


Faneuil Hall Nat'l Bank, Boston, . 


6,000 


7,380 00 


6,000 00 


Shawmut Nat'l Bank, Boston, . 


4,200 


4,410 00 


4,200 00 


South Danvers Nat'l Bank, Peabody, 


1,000 


1,300 00 


1,000 00 


Manufacturers' Nat'l Bank, Boston, 


7,500 


6,450 00 


7,500 00 


Merchandise Nat'l Bank, Boston, . 


3,800 


3,458 00 


3,800 00 


Nat'l Bank of North America, Boston, 


4,500 


4,500 00 


4,500 00 


Nat'l City Bank, Boston, 


1,000 


1,070 00 


1,000 00 


Market Nat'l Bank, Boston, . 


4,100 


3,690 00 


4,100 00 


Mount Vernon Nat'l Bank, Boston, . 


2,200 


1,914 00 


2,200 00 



Railkoad Bonds. 



Boston and Maine Railroad bonds, 7s, 
Eastern Railroad bonds (new certif.), 
Cheshire Railroad bonds, 6s, . 
Old Colony Railroad bonds, 6s, 



$5,000 
5,000 
5,000 

10,000 



$5,800 00 
3,600 00 
5,050 00 

10,600 00 



$5,000 00 
4,750 00 
4,925 00 

10,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



309 



WARREN INSTITUTION FOR SAVINGS — BOSTON. 

Incorporated Feb. 21, 1829. Number of corporators, 122. 

James Adams, President. Treasurer, George F. Tufts. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$3,585,556 03 


Public funds, .... 


$389,169 97 


Earnings, undi- 




Loans on public funds, . 


600 00 


vided, 


110,948 31 


Bank stock, . . 


152,925 00 


Guaranty fund, . 


42,000 00 


Loans on bank stock, 


10,100 00 






Railroad bonds, 


200,000 00 






Real estate, .... 


50,000 00 






Real estate by foreclosure, 


39,200 00 






Loans on real estate, 


2,246,365 00 






Loans on personal security, . 


414,800 00 






Loans to counties, cities, or 








towns, 


28,500 00 






Deposit in banks on interest, . 


183,838 27 






Expense account, 


7,080 04 


. 




Cash, on band, .... 


15,926 06 




$3,738,504 34 


$3,738,504 34 



Loan on Public Funds : — 
On United States bonds, 5-20s, $1,000, 



$600 00 



Loans on Bank Stock, amount on each : — 
On 8 shares Union Market National Bank, Watertown, 
On 8 shares Lechmere National Bank, Cambridge, 
On 22 shares Bunker Hill National Bank, Boston, 
On 50 shares Maverick National Bank, Boston, 
On 10 shares Monument National Bank, Boston, 
On 24 shares Blackstone National Bank, Boston, 



$500 00 
200 00 

2,000 00 

5,500 00 
900 00 

1,000 00 



Cash on Deposit in Bank : — 

Bunker Hill National Bank, Boston, $183,837 27 

Amount invested in real estate, $50,000 00 

Assessed value of the same, 61,400 00 

Amount of real estate by foreclosure, 39,200 00 

Assessed value of the same, 39,200 00 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend > 2 per cent., . 

for the previous year, . . . . • \ 2 per cent., . 
Times for the dividends fixed by the by-laws : April and October. 
The total amount of loans, with each specified rate of interest: 

$375,000, 5 per cent. ; $65,000, 5* per cent. ; $539,850, 6 per cent. ; 

$411,750, 6i per cent. ; $934,070, 7 per cent. ; $96,300, 7 T 3 „ per cent. ■ 

$221,595, 1$ per cent. ; $57,800, 8 per cent. 



:{ 



$235,922 76 
77,832 32 
70,915 50 



310 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . 503 

Aggregate amount of the same, $888,815 00 

Number of open accounts, 10,079 

Number and amount of deposits received for previous year, 4,313 362,563 00 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 330 168,718 00 

Number and amount of withdrawals, .... 7,667 1,142,638 96 

Number of accounts opened during the previous year, . . 880 
Number of accounts closed during the previous year, . 1,727 
Amount of expenses of the corporation during previous year, . 9,338 91 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Nov. 21. 



Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 4^-s, 

City and town bonds : — 
City of Somerville, .... 

of Chaiiestown, 
Town of Everett, .... 


$300,000 

46,000 

40,000 

5,000 


$312,750 00 

50,600 00 

46,400 00 

5,500 00 


$300,000 00 

45,160 00 

39,159 97 

4,850 00 



Bank Stock. 



Tremont Nat'l Bank, Boston, . 


$800 


$800 00 


$800 00 


Bunker Hill Nat'l Bank, Boston, . 


20,000 


30,000 00 


20,000 00 


Jity Nat'l Bank, Boston, 


2,000 


2,140 00 


2,000 00 


Eagle Nat'l Bank, Boston, 


7,500 


7,750 00 


7,500 00 


Shoe and Leather Nat'l Bank, Boston, 


5,000 


5,025 00 


5,000 00 


Hide and Leather Nat'l Bank, Boston, 


15,000 


15,300 00 


15,000 00 


Massachusetts Nat'l Bank, Boston, . 


5,500 


5,747 50 


5,500 00 


Traders' Nat'l Bank, Boston, . 


10,000 


9,000 00 


10,000 00 


Third Nat'l Bank, Boston, 


5,000 


5,000 00 


5,000 00 


Maverick Nat'l Bank, Boston, . 


4,000 


5,600 00 


4,000 00 


New England Nat'l Bank, Boston, . 


11,600 


15,254 00 


11,600 00 


Union Nat'l Bank, Boston, 


20,000 


25,000 00 


30,000 00 


Everett Nat'l Bank, Boston, . 


6,000 


5,700 00 


6,000 00 


Naumkeag Nat'l Bank, Salem, 


4,200 


5,796 00 


5,908 00 


Merchandise Nat'l Bank, Boston, . 


7,500 


6,862 50 


7,500 00 


Webster Nat'l Bank, Boston, . 


10,000 


9,300 00 


9,925 00 


Eliot Nat'l Bank, Boston, 


10,800 


10,496 00 


10,800 00 


State Nat'l Bank, Boston, 


8,100 


9,720 00 


8,100 00 



Railroad Bonds. 



Boston and Albany Railroad bonds, 
Old Colony and Newport R.ll. bonds, 
Worcester and Nashua R.R. bonds, . 




!,000 00 
106,000 00 
52,500 00 



$50,000 00 

100,000 00 

50,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



311 



WATERTOWN SAVINGS BANK — WATERTOWN. 

Incorporated April 18, 1870. Number of corporators, 18. 

Charles J. Barry, President. Treasurer, Tilden G. Abbott. 



Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undivided, 
Guaranty fund, 



$141,125 04 

1,507 25 

920 00 



$143,552 29 



Public funds, 

Bank stock, 

Loans on bank stock, 

Railroad bonds, 

Loans on real estate, 

Loans to counties, cities, 

towns, .... 
Deposit in bank on interest, 
Safe and furniture, . 
Expense account, 
Cash on hand, . 



or 



$15,695 00 

9,823 50 

1,927 00 

6,614 00 

85,775 00 

6,293 00 

16,000 00 

500 00 

11 73 

913 06 



$143,552 29 



Loan on Bank Stock : — 
On 45 shares Union Market National Bank, Watertown, 

Cash on deposit in Bank : — 
Union Market National Bank, Watertown, 



. $1,927 00 
. $16,000 00 



Whole amount of interest or profits received or earned, . . . $9,385 02 
Bate and amount of each semi-annual dividend > 2\ per cent., . C 3,825 63 

for the previous year, } 2£ per cent., . "j 3,157 53 

Times for the dividends fixed by the by-laws : second Wednesday 

of April and October. 
Average annual per cent of dividends for the term ending at time 

of and including last extra dividend : 5 t 6 q- per cent. 
The total amount of loans, with each specified rate of interest: 

$1,293, 5 per cent. ; $15,927, 6 per cent. ; $41,925, 7 per cent. ; 

$1,400, 7 T % per cent. ; $44,850, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .54 

Aggregate amount of the same, 61,602 00 

Number of open accounts, 610 

Number and amount of deposits received for previous year, . 512 33,181 63 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 28 15,892 00 

Number and amount of withdrawals, 391 40,757 12 

Number of accounts opened during the previous year, . . 103 
Number of accounts closed during the previous year, . . 113 
Amount of expenses of the corporation during previous year, . 845 63 

Amount of treasurer's bonds, 5,000 00 

Date of examination by commissioner : May 27. 



312 



BANK COMMISSIONERS' REPORT. [Jan. 

Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City and town bonds : — 








City of Bangor, Me. , 


$2,000 


$2,120 00 


$2,140 00 


of Rockland, Me., 






1,000 


1,000 00 


1,020 00 


of Aubnrn, Me., 






1,000 


1,030 00 


1,045 00 


of Lewiston, Me., 






1,000 


1,090 00 


1,060 00 


of Newburyport, 






1,000 


1,090 00 


1,050 00 


Town of Arlington, . 






4,000 


4,400 00 


4,280 00 


of Watertown, 






5,000 


5,100 00 


5,100 00 



Bank Stock. 



Commonwealth Nat'l Bank, Boston, 


$2,000 


$1,785 00 


$2,000 00 


Blackstone Nat'l Bank, Boston, 


1,500 


1,425 00 


2,100 00 


Metropolitan Nat'l Bank, Boston, . 


800 


790 00 


800 00 


Market Nat'l Bank, Boston, . 


1,000 


902 50 


1,072 50 


Exchange Nat'l Bank, Boston, 


1,000 


1,347 50 


1,675 00 


Union Market Nat'l B'k, Watertown, 


1,900 


1,900 00 


2,176 00 



Railroad Bonds. 



Boston and Maine Railroad bonds, . 
Vermont and Mass. Railroad bonds, 
Cheshire Railroad bonds, 



$2,000 

400 

4,000 



$2,200 00 

418 00 

4,020 00 



$2,200 00 

404 00 

4,010 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



313 



WEBSTER FIVE CENTS SAVINGS BANK — WEBSTER. 

Incorporated March 16, 1868. Number of corporators, 57. 
Frederick D. Brown, President. Treasurer, Edwin Mat. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$264,031 20 


Bank stock, .... 


$45,626 50 


Earnings, undivided, 


1,388 74 


Loans on bank stock, 


1,200 00 


Guaranty fund, 


1,326 12 


Real estate by foreclosure, 


4,400 00 






Loans on real estate, 


188,285 00 






Loans on personal security, . 


16,728 00 






Loans to counties, cities, or 








towns, 


8,000 00 






Deposits in banks on interest, 


1,557 43 






Expense account, 


318 85 






Cash on hand, .... 


630 28 




$266,746 06 


$266,746 06 



Cash on Deposit in Bank : — 

First National Bank, Webster, $1,557 43 

Amount real estate by foreclosure, $4,400 00 

Estimated value of the same, 4,400 00 



Whole amount of interest or profits received or earned, . . . $16,472 76 
Rate and amount of each semi-annual dividend > 2-£ per cent., . C 6,339 24 

for the previous year, | 2% per cent., . ( 6,292 17 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$19,000, 6 per cent. ; $14,500, 6£ per cent. ; $162,785, 6£ per cent. ; 

$15,800, 7 per cent. ; $2,120, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 180 

Aggregate amount of the same, . 156,113 00 

Number of open accounts, 1,575 

Number and amount of deposits received for previous year, . 947 58,672 59 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 54 26,091 00 

Number and amount of withdrawals, 794 75,987 52 

Number of accounts opened during the previous year, . . 200 
Number of accounts closed during the previous year, . . 258 
Amount of expenses of the corporation during previous year, . 1,075 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : Aug. 1. 
40 



314 



BANK COMMISSIONERS' REPORT. 

Bank Stock. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



State Nat'l Bank, Boston, 
City Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, . 
Quinsigamond Nat'l Bank, Worcester, 
Worcester Nat'l Bank, Worcester, 
Mechanics' Nat'l Bank, Worcester, 
First Nat'l Bank, Worcester, . 
Southbridge Nat'l B'k, Southbridge 
Oxford Nat'l Bank, Oxford, . 
Grafton Nat'l Bank, Grafton, . 
First Nat'l Bank, Webster, 
Boylston Nat'l Bank, Boston, . 
Shoe and Leather Nat'l Bank, Boston 
Merchants' Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 



$1,000 
2,000 
3,000 
6,100 
8,000 

700 
1,200 

500 
2,000 
1,000 
5,400 
1,900 
2,000 
1,000 
1,000 



$1,137 75 

2,030 00 

3,030 

7,015 

10,000 

805 
1,560 

635 
2,500 
1,000 
5,670 
1,983 
2,060 
1,250 

977 



00 
00 
00 
00 
00 
00 
00 
00 
00 
12 
00 
00 
75 



$1,107 50 

2,520 00 

3,742 

7,903 
11,185 

1,001 

1,740 
625 

2,540 

1,000 

5,446 

2,277 

2,405 

1,322 
995 



50 
75 
50 
25 
25 
00 
00 
00 
00 
50 
00 
50 
00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



315 



WELLFLEET SAVINGS BANK i — WELLELEET. 

Incorporated 1863. Number of corporators, 63. 

Richard R. Freeman, President. Treasurer, Thomas Kemp. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Bills payable, . 


$395,872 38 

13,017 65 

3,964 69 

1,331 55 


Bank stock, .... 
Real estate, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

towns, 

Deposit in bank on interest, . 
Cash on hand, .... 


$266,063 93 

4,002 84 

1,500 00 

110,768 00 

17,626 41 

600 00 

12,402 50 

1,222 59 




#414,186 27 


$414,186 27 



Cash on Deposit in Bank: — 
Blackstone National Bank, Boston, 



. $12,402 50 



Amount invested in real estate, $4,002 84 

Estimated value of the same, 4,000 00 

Real estate by foreclosure, 1,500 00 

Estimated value of the same, 1,500 00 



Whole amount of interest or profits received or earned, . 
Rate and amount of dividend for previous year (2 per cent., January), 
Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest : 

$48,830, 6 per cent. ; $3,600, 6£ per cent. ; $46,314.41, 7 per cent. ; 

$9,900, 7 t 3 q per cent. ; $19,950, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 60 

Aggregate amount of the same, 

Number of open accounts, . 1,130 

Number and amount of deposits received for previous year, . 97 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 14 

Number and amount of withdrawals, 969 

Number of accounts opened during the previous year, . . 19 
Number of accounts closed during the previous year, . . 94 
Amount of expenses of the corporation during previous year, . 

Amount of treasurer's bonds, 

Date of examination by commissioner : Sept. 4. 



,245 22 
8,687 87 



61,494 41 

11,047 72 

6,718 78 
77,360 70 



1,901 81 
20,000 00 



1 An order regulating the payments of deposits for one year, limiting them to an amount not 
exceeding ten per cent, each six months, was issued April 8, 1878. 



316 



BANK COMMISSIONERS' REPORT. 

Bank Stock. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



First Nat'l Bank, Provincetown, 
Manufacturers' Nat'l Bank, Boston 
Eagle Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
Shawmut Nat'l Bank, Boston, 
Hide and Leather Nat'l Bank, Boston 
Continental Nat'l Bank, Boston, 
Mount Vernon Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Revere Nat'l Bank, Boston, 
Central Nat'l Bank, Boston, . 
Redemption Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
Faneuil Hall Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Shoe and Leather Nat'l Bank, Boston 
Boston Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
Howard Nat'l Bank, Boston, . 
New England Nat'l Bank, Boston, 
Third Nat'l Bank, Boston, 
Old Boston Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Union Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Eleventh Ward Nat'l Bank, Boston, 



$2,400 
6,100 

11,700 
3,500 
9,000 

10,000 

14,500 
2,000 
8,500 

15,600 
3,500 
1,800 
7,500 
3,800 
8,600 

13,700 
4,000 
4,100 

10,000 

13,500 
3,600 
800 
1,000 
2,200 
1,100 
1,500 
5,000 

10,000 
5,000 
3,000 

14,000 
2,300 

10,100 
2,800 
4,200 
2,100 



$3,792 00 

5,246 00 
12,036 35 

3,500 00 

9,427 50 
10,300 00 
12,325 00 

1,730 50 

7,692 
15,132 

3,937 

1,800 

6,243 75 

4,560 00 

8,815 
17,262 

4,930 

3,280 



50 
00 
50 
00 



00 
00 
00 
00 



"9,500 00 



50 
00 
00 
00 
50 
00 
00 
00 



14,917 

3,798 

820 

890 
2,986 

990 
1,560 
6,562 
8,300 00 
3,050 00 
3,300 00 
14,000 00 
2,909 00 
11,286 00 
3,500 00 
3,570 00 
1,050 00 



62^ 



$2,531 50 

6,939 00 
14,203 25 

3,765 75 
11,400 25 
12,214 51 
17,362 00 

2,540 00 
10,126 50 
19,066 75 

4,210 

1,998 00 

7,608 75 

5,059 25 
10,222 25 
14,579 37 

4,933 00 

4,738 25 
16,808 00 
16,538 75 

4,644 00 
960 

1,180 

3,195 

1,265 

1,728 

7,625 
11,501 

3,675 

3,612 
17,043 25 

2,773 25 
11,033 25 

3,524 00 

5,469 25 

3,287 00 



00 
00 
50 
00 
75 
00 
92 
00 
50 



1879.] 



PUBLIC DOCUMENT — No. 8. 



317 



WESTBOROUGH SAYINGS BANK — WESTBOROUGH. 

Incorporated 1869. Number of corporators, 69. 
Cyrus Fay, President. Treasurer, George O. Brigham. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Suspense account, . 


$332,759 58 

2,210 77 

2,080 00 

206 94 


Bank stock, .... 
Railroad bonds, 
Real estate by foreclosure, 
Loans on reai estate, 
Loans to cities and towns, 
Loans on personal security, . 

Cash on hand, .... 


$48,300 00 

3,000 00 

5,531 25 

219,905 00 

9,000 00 

37,240 00 

2,690 00 

11,591 04 




$337,257 29 


$337,257 29 



Loan on Bank Stock : — 
On First National Bank, Westborough, 



$1,200 00 



Cash on Deposit in Bank : — 
First National Bank, Westborough, par value $1,200, 



$11,591 04 



Real estate by foreclosure, . 
Assessed value of the same, 



£5,531 25 
6,385 00 



Whole amount of interest or profits received or earned, . . . $22,041 89 
Rate and amount of each semi-annual dividend ) 2£ per cent., . ( 8,127 97 

for the previous year, ) 2£ per cent., . \ 7,829 93 

Times for the dividends fixed by the by-laws : February and August. 
The total amount of loans, with each specified rate of interest: 

$266,145, 6 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 182 

Aggregate amount of the same, 202,445 00 

Number of open accounts, . . . . . . . 1,137 

Number and amount of deposits received for previous year, . 790 83,299 56 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 54 31,428 24 

Number and amount of withdrawals, 886 91,981 27 

Number of accounts opened during the previous year, . . 189 
Number of accounts closed during the previous year, . . 229 
Amount of expenses of the corporation during previous year, . . 711 65 

Amount of treasurer's bonds, 5 000 00 

Date of examination by commissioner : July 24. 



318 



BANK COMMISSIONERS' REPORT. 

Bank Stock. 



[Jan. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Tremont Nat'l Bank, Boston, . 


13,600 


13,582 00 


$3,600 00 


Globe Nat'l Bank, Boston, 


1,600 


1,364 00 


1,760 00 


Redemption Nat'l Bank, Boston, 


2,000 


2,400 00 


2,000 00 


Everett Nat'l Bank, Boston, . 


3,000 


2,850 00 


3,000 00 


Merchants' Nat'l Bank, Boston, 


4,200 


5,250 00 


4,200 00 


New England Nat'l Bank, Boston, . 


600 


787 00 


600 00 


Commerce Nat'l Bank, Boston, 


1,000 


795 00 


1,000 00 


Traders' Nat'l Bank, Boston, . 


5,500 


4,950 00 


5,500 00 


Hide and Leather Nat'l Bank, Boston, 


1,900 


1,920 00 


1,900 00 


Republic Nat'l Bank, Boston, . 


1,000 


1,245 00 


1,000 00 


First Nat'l Bank, Westborough, 


16,400 


18,532 00 


18,040 00 


Millbury Nat'l Bank, Millbury, 


2,000 


2,300 00 


2,200 00 


Marlborough Nat'l Bank, Marlboro', 


3,000 


3,750 00 


3,450 00 


Northborough Nat'l B'k, Northboro', 


2,000 


2,560 00 


2,400 00 


Grafton Nat'l Bank, Grafton, . 


500 


550 00 


500 00 



Railroad Bonds. 



Boston, Clinton, and Fitchburg Rail- 
road bonds, . . . . 
Fitchburg Railroad bonds, 




$1,900 00 
1,080 00 



$2,000 00 
1,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



319 



WESTFIELD SAVINGS BANK — WESTFIELD. 

Incorporated 1853. Number of corporators, 49. 

"William G. Bates, President. Treasurer, V. W. Crowson. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$679,785 91 


Public funds, .... 


$66,500 00 


Earnings, undivided, 


23,172 48 


Bank stock, .... 


48,600 00 


Guaranty fund, 


3,544 31 


Loans on bank stock, 


10,215 60 


Other liabilities, 


364 47 


Real estate bv foreclosure, 


13,300 00 






Loans on real estate, 


421,815 55 






Loans on personal security, . 


126,499 29 






Deferred profit and loss ac- 








count for premium paid on 








bank stock bought, 


15,245 25 






Taxes paid on real estate by 








foreclosure, .... 


370 65 






Expense account, 


584 37 






Cash on hand, .... 


3,736 46 




$706,867 17 


$706,867 17 



Loan on Bank Stock : — 
On 155 shares First National Bank, Westfield, 



$10,215 60 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$13,300 00 
13,300 00 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2£ per cent., 

for the previous year, . . . . ; 2£ per cent., 
Times for the dividends fixed by the by-laws : Jan. 10 and July 10. 
The total amount of loans, with each specified rate of interest: 

$558,530.44, 6£ per cent. ; $577,384.94, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 229 

Aggregate amount of the same, 

Number of open accounts, 2,292 

Number and amount of deposits received for previous year, 5,852 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 107 

Number and amount of withdrawals, 1,701 

Number of accounts opened during the previous year, . . 226 
Number of accounts closed during the previous year, . . 372 
Amount of expenses of the corporation during previous year, . 

Amount of treasurer's bonds, 

Date of examination by commissioner : Oct. 2. 



:! 



,394 01 
17,529 21 
17,273 65 



254,805 63 

157,083 78 

61,789 96 
186,800 07 



1,356 40 
10,000 00 



320 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 5-20s,reg'd, '65, 
" " " 5-20s, 1867, . 
" " " 6s, 1881, . 
" " " 4|s, . 


$500 
52,500 

3,500 
10,000 


$515 00 
55,650 00 

3,780 00 
10,400 00 


$500 00 
52,500 00 

3,500 00 
10,000 00 


Bank 


Stock. 






Hampden Co. Nat'l Bank, "Westfield, 
First Nat'l Bank, Westfield, . 
Hampshire Co. Nat'l B'k, rTorthamp'n, 
Agawam Nat'l Bank, Springfield, . 


$200 

42,200 

3,000 

3,200 


$300 00 

58,236 00 

3,360 00 

3,520 00 


$200 00 

42,200 00 

3,000 00 

3,200 00 



1879.] 



PUBLIC DOCUMENT— No. 8. 



321 



WEYMOUTH SAVINGS BANK — WEYMOUTH. 

Incorporated 1833. Number of corporators, 70. 
James Humphrey, President. Treasurer, Amos S. White. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 


$831,963 70 
14,194 14 


Public funds, .... 
Bank stock, .... 


$20,200 00 
74,200 00 


Guaranty fund, 


4,000 00 


Real estate, .... 
Real estate by foreclosure, 
Loans on real estate, 


5,000 00 

85,473 00 

469,127 00 






Loans on personal security, . 
Deposit in bank on interest, . 
Rent account, .... 


181,305 50 

9,861 50 

165 60 






Expense account, 

Cash on hand, .... 


1,426 32 
3,398 92 




$850,157 84 


$850,157 84 



Cash on Deposit in Banks : — 
Union National Bank, Weymouth, . 
New England Trust Company, Boston, 

Amount invested in real estate, . 
Estimated value of the same, 
Amount of real estate by foreclosure, 
Estimated value of the same, 

Whole amount of interest or profits received or earned 

Rate and amount of one dividend for the previous year, 2£ per cent., 

Times for the dividends fixed by the by-laws: first Monday of 

January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7£ per cent. 
The total amount of loans, with each specified rate of interest : 

$28,200, 5 per cent. ; $55,210, 6 per cent. ; $71,346, 7 per cent. ; 

$52,505, 7£ per cent. ; $12,895, 7 T 8 ¥ per cent. ; $172,557, 7i per 



cent. ; $29,745, 7f per cent. ; $174,700, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 292 

Aggregate amount of the same, 

Number of open accounts, 2,335 

Number and amount of deposits received for previous year, . 236 
Number and amount of deposits of and exceeding $300 at any 



$1,991 85 
9,861 50 

$5,000 00 

5,000 00 

85,473 00 

73,749 00 

$51,032 78 
22,451 04 



one time for the previous year, 

Number and amount of withdrawals, .... 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 
Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : March 29. 
41 



17 

1,299 

48 

163 



305,214 00 

17,431 23 

8,331 23 
112,940 51 



3,058 94 
25,000 00 



322 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 



Par Value. 



Estimated 

Market Value. 



Amount Invested. 



United States bonds, 1881, registered. 



$20,200 




$20,200 00 



Bank Stock. 



Union Nat'l Bank, Weynionth, 


$39,000 


$39,000 00 


$39,000 00 


Hide and Leather Nat'l Bank. Boston, 


7,500 


7,612 50 


7,500 00 


Washington Nat'l Bank, Boston, 


4,000 


5,000 00 


4,000 00 


Traders' Nat'l Bank, Boston, . 


4,000 


3.600 00 


4,000 00 


Webster Nat'l Bank, Boston, . 


2,700 


2,511 00 


2,700 00 


Boston Nat'l Bank, Boston, 


2,700 


2,403 00 


2,700 00 


Bepnblic Nat'l Bank, Boston, . 


3,000 


3,795 00 


3,000 00 


Maverick Nat'l Bank, Boston, . 


2,200 


3,080 00 


2,200 00 


Exchange Nat'l Bank, Boston, 


1,500 


2,021 25 


1,500 00 


Merchants' Nat'l Bank, Boston, 


1,200 


1,500 00 


1,200 00 


North Nat'l Bank, Boston, 


1,400 


1,508 50 


1,400 00 


Metropolitan Nat'l Bank, Boston, . 


2,000 


1.950 00 


2,000 00 


Merchandise Nat'l Bank, Boston, . 


3,000 


2,745 00 


3,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



323 



WHITINSVILLE SAVINGS BANK — WHITINS VILLE. 

Incorporated March 9, 1872. Number of corporators, 58. 

John C. Whiten, President. Treasurer, H. A. Goodell. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$166,659 06 

4,096 93 

674 44 


Bank stock, .... 
Railroad bonds, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

towns, 

Deposit in bank on interest, . 
Expense account, 


$63,144 71 

5,200 00 

51,787 59 

22,401 65 

9,770 00 

18,565 98 

560 50 




$171,430 43 


$171,430 43 



Cash on Deposit in Bank: — 
Whitinsville National Bank, Whitinsville, 



. $18,565 98 



Whole amount of interest or profits received or earned, . . . $8,161 12 
Rate and amount of each semi-annual dividend ) 2 per cent., . ( 2,424 09 

for the previous year, ; 2 per cent., . 1 2,774 60 

Times for the dividends fixed by the by-laws : May 1 and Nov. 1. 
The total amount of loans, with each specified rate of interest: 

$9,000, 5 per cent. ; $32,285, 6 per cent. ; $24,350, 6£ per cent. ; 

$15,051.65, 7 per cent. ; $7,450, 7£ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, .41 

Aggregate amount of the same, 40,651 65 

Number of open accounts, 562 

Number and amount of deposits received for previous year, 457 61,498 S2 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 47 33,434 46 

Number and amount of withdrawals, . . ... . 311 39,471 47 

Number of accounts opened during the previous year, . . 136 
Number of accounts closed during the previous year, . . 82 
Amount of expenses of the corporation during previous year, . . 200 00 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner : June 20. 



324 



BANK COMMISSIONERS' REPORT. 
Bank Stock. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Atlantic Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Columbian Nat'l Bank, Boston, 
Commonwealth Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, . 
Eliot Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Faneuil Hall Nat'l Bank, Boston, . 
Merchants' Nat'l Bank, Boston, 
Massachusetts JSTat'l Bank, Boston, . 
Millbury Nat'l Bank, Millbury, 
Northborough Nat'l B'k, Northboro', 
North Nat'l Bank, Boston, 
Exchange Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
New England Nat'l Bank, Boston, . 
Revere Nat'l Bank, Boston, 
Redemption Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 


$3,900 
2,000 
2,700 
2,000 
1,600 
2,500 
2,000 
1,000 
2,500 
1,000 
4,200 
3,000 
3,000 
1,600 
2,500 
1,000 
1,500 
1,000 
1,900 
4,000 
2,000 


$4,992 00 
2,260 00 
2,673 00 
2,140 00 
2,160 00 
2,325 00 
1,900 00 
1,040 00 
2,250 00 
1,270 00 
5,202 00 
3,210 00 
3,541 75 
2,080 00 
2,825 00 
1,350 00 
1,245 00 
1,317 50 
1,957 00 
5,200 00 
1,980 00 


$5,640 75 
2,492 50 
3,579 09 
2,998 00 
2,225 00 
3,237 50 
2,645 00 
1,167 50 
3,360 25 
1,398 75 
6,055 75 
3,760 62 
3,541 75 
2,080 00 
3,243 75 
1,740 00 
1,818 75 
1,485 00 
2,369 75 
6,027 50 
2,277 50 



Railroad Bonds. 



Old Colony Railroad bonds, 




$5,300 00 



$5,200 00 



1879.] 



PUBLIC DOCUMENT— No. 8. 



325 



WINCHENDON SAYINGS BANK — WINCHENDON. 

Incorporated 1854. Number of corporators, 116. 
Orlando Mason, President. Treasurer, C. L. Beals. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$532,645 81 


Public funds, .... 


$8,000 00 


Earnings, undivided, 


10,010 58 


Bank stock, .... 


87,100 00 


Guaranty fund, 


5,581 70 


Loans on bank stock, 


9,479 50 






Railroad bonds, 


15,000 00 






Loans on real estate, 


269,309 65 






Loans on personal security, . 


122,005 81 






Deposit in bank, 


16,731 36 






Premium account, . 


13,148 12 






Furniture account, . 


1,200 00 






Cash on hand, .... 


6,293 65 




$548,268 09 


$548,268 09 



Loans on Bank Stock, amount on each : — 
On 110 shares First National Bank, Winchendon, . . . . $9,100 00 
On 2 shares State National Bank, Boston, and 2 shares Quinsiga- 

mond National Bank, Worcester, ....... 379 50 

Cash on Deposit in Bank : — 
First National Bank, Winchendon, $16,731 36 



Whole amount of interest or profits received or earned, . . . $31,311 22 
Rate and amount of each semi-annual dividend ) 1\ per cent., . ( 13,593 37 

for the previous year, ) 2-J per cent., . I 13,592 68 

Times for the dividends fixed by the by-laws : May and November. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 7 per cent. 
The total amount of loans, with each specified rate of interest: 

$108,200, 6 per cent. ; $292,594.96, 6£ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 188 

Aggregate amount of the same, . 160,794 96 

Number of open accounts, 1,790 

Number and amount of deposits received for previous year, . 556 83,828 61 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 64 32,999 00 

Number and amount of withdrawals, ..... 913 113,403 56 

Number of accounts opened during the previous year, . . 142 

Number of accounts closed during the previous year, . . 143 

Amount of expenses of the corporation during previous year, . . 999 48 

Amount of treasurer's bonds, , 50,000 00 

Date of examination by commissioner : Oct. 25. 



326 



BANK COMMISSIONERS' REPORT. 

Public Funds. 



[Jan. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 1881, 


$8,000 


$8,480 00 


$8,000 00 



Bank Stock. 



Commonwealth Nat'l Bank, Boston, 


$2,500 


$2,300 00 


$2,500 00 


Redemption Nat'l Bank, Boston, 


10,000 


11,180 00 


10,000 00 


Faneuil Hall Nat'l Bank, Boston, . 


4,800 


5,760 00 


4,800 00 


Merchants' Nat'l Bank, Boston, 


10,000 


12,200 00 


10,000 00 


Eliot Nat'l Bank, Boston, 


6,700 


6,365 00 


6,700 00 


Mechanics' Nat'l Bank, Boston, 


3,400 


3,672 00 


3,400 00 


First Nat'l Bank, Boston, 


1,600 


2,250 00 


1,600 00 


Leominster Kat'l Bank, Leominster, 


6,500 


6,500 00 


6,500 00 


First Nat'l Bank, Winchendon, 


31,600 


41,080 00 


31,600 00 


Rollstone Nat'l Bank, Fitchburg, . 


9,000 


13,500 00 


9,000 00 


Fitchburg Nat'l Bank, Fitchburg, . 


1,000 


1,400 00 


1,000 00 



Railroad Bonds. 



Fitchburg Railroad bonds, 




$15,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



327 



WINCHESTER SAVINGS BANK — WINCHESTER. 

Incorporated March, 1871. Number of corporators, 31. 

David N. Skillings, President. Treasurer, John T. Manny. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 
Premium, . 
Borrowed money, . 


$129,235 86 
733 29 
961 59 
150 00 
600 00 


Bank stock, .... 
Railroad bonds, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

Deposit in bank on interest, . 
Cash on hand, .... 


$2,000 00 
7,531 25 

80,312 66 
6,162 00 

34,665 00 
856 70 
153 13 




$131,680 74 


$131,680 74 



Cash on Deposit in Bank : — 
Eliot National Bank, $856 70 

Whole amount of interest or profits received or earned, . . . $8,418 39 
Rate and amount of each semi-annual dividend > 2-J per cent., . ( 2,727 15 

for the previous year, j 2-J per cent., . ( 2,967 52 

Times for the dividends fixed by the by-laws : third Wednesday of 

April and October. 
Average annual per cent, of dividends for the term ending at time 

of and including the last extra dividend : 6 per cent. 
The total amount of loans, with each specified rate of interest: 

$22,196, 5 percent.; $16,044, 6 per cent.; $11,000, 6£ per cent.; 

$53,387, 7 per cent. ; $10,200, 7£ per cent. ; $15,843, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 28 

Aggregate amount of the same, 35,730 00 

Number of open accounts, 587 

Number and amount of deposits received for previous year, . 608 44,431 38 
Number and amount of deposits of and exceeding $300 at any 

one-time for the previous year, .30 16,965 00 

Number and amount of withdrawals, 435 47,301 59 

Number of accounts opened during the previous year, . . 129 

Number of accounts closed during the previous year, . . 103 

Amount of expenses of the corporation during previous year, . . 575 00 

Amount of treasurer's bonds, . • . . . . . . . 5,000 00 

Date of examination by commissioner : Nov. 23. 

Bank Stock. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Metropolitan Nat'l Bank, Boston, . 


$2,000 


$1,965 00 


$2,000 00 


Railroad Bonds. 


Fitch burg Railroad bonds, 

Boston and Albany Railroad bonds, 


$5,000 
2,000 


$5,368 75 
2,162 50 


$5,368 75 
2,162 50 



328 



BANK COMMISSIONERS' REPORT. 



[Jan. 



WOBTJBN FIVE CENTS SAVINGS BANK i — WOBUBN. 

Incorporated April 11, 1854. Number of corporators, 11. 

Stephen Dow, President. Treasurer, James N. Dow. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$458,417 27 


Public funds, .... 


$54,308 25 


Earnings, undivided, 


28,744 33 


Loans on public funds, . 


300 00 


Guaranty fund, 


1,283 25 


Bank stock, .... 


199,429 08 






Beal estate by foreclosure, 


12,797 10 






Loans on real estate, 


179,477 16 






Loans on personal security, . 


5,550 00 






Loans to counties, cities, and 








towns, 


3,000 00 






Accrued interest, 


9,490 98 






Cash on hand, .... 


24,092 28 




$488,444 85 


$488,444 85 



Loan on Public Funds : — 
On .United States bonds, par value $300, 



$300 00 



Cash on Deposit in Bank : — 
First National Bank, Woburn, . 

Amount of real estate by foreclosure, 
Estimated value of the same, 



$23,362 99 

$12,797 10 
13,000 00 



Whole amount of interest or profits received or earned, . . . $38,193 56 
Kate and amount of each semi-annual dividend for previous year, . None. 
Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$3,000, 4J- per cent. ; $5,000, 5 per cent. ; $20,900, 6 per cent. ; 

$70,442.90, 7 per cent. ; $400, 7^ per cent. ; $40,800, 7£ per cent. ; 

$47,784.26, 8 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, . . 86 

Aggregate amount of the same, 90,234 26 

Number of open accounts, . . 2,370 

Number and amount of deposits received for previous year (in 

November and December), 245 8,817 96 

Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 6 4,079 12 

Number and amount of withdrawals, 323 44,471 18 

Number of accounts opened during the previous year, . . 32 
Number of accounts closed during the previous year, . . 193 
Amount of expenses of the corporation during previous year, . 1,575 37 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : Nov. 8. 

1 Temporarily enjoined by a decree of the Supreme Judicial Court Jan. 2, 1878. 



1879.] 



PUBLIC DOCUMENT — No. 8. 
Public Funds. 



329 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 5-20s, 

U U U Ala 

a u u 4^.g 

" " " 1881, 


$20,000 

16,000 

16,100 

500 


$20,750 00 
16,620 00 
16,100 00 
' 540 00 


$20,931 25 

16,568 75 

16,272 25 

536 00 



Bank Stock. 



Atlas Nat'l Bank, Boston, 


$18,000 


$20,300 00 


$21,295 00 


Blackstone Nat'l Bank, Boston, 


15,500 


15,345 00 


20,206 00 


Continental Nat'l Bank, Boston, 


11,700 


9,945 00 


14,408 25 


Boston Nat'l Bank, Boston, 


5,000 


5,000 00 


6,612 50 


Commerce Nat'l Bank, Boston, 


1,700 


1,411 00 


2,146 25 


Eliot Nat'l Bank, Boston, 


5,000 


5,200 00 


5,950 00 


Eleventh Ward Nat'l B'k, Boston, new, 


O,ooo 7j 


2,666 33 


9,993 33 


Faneuil Hall Nat'l Bank, Boston, . 


5,500 


6,985 00 


7,125 25 


Hide and Leather Nat'l Bank, Boston, 


12,800 


13,312 00 


13,642 25 


Howard Nat'l Bank, Boston, . 


2,500 


2,620 00 


2,831 25 


State Nat'l Bank, Boston, 


4,100 


4,674 00 


4,492 50 


Second Nat'l Bank, Boston, 


2,000 


2,720 00 


3,205 00 


Shawmut Nat'l Bank, Boston, . 


5,000 


5,150 00 


6,268 75 


Shoe and Leather Nat'l Bank, Boston, 


16,500 


16,500 00 


22,113 75 


New England Nat'l Bank, Boston, . 


16,500 


21,945 00 


23,452 50 


Third Nat'l Bank, Boston, 


1,000 


850 00 


1,152 50 


Webster Nat'l Bank, Boston, . 


1,000 


1,000 00 


1,050 00 


Wobnrn Nat'l Bank, Woburn, 


25,000 


32,000 00 


33,484 00 



42 



330 



BANK COMMISSIONERS' REPORT. 



[Jan. 



WORCESTER COUNTY INSTITUTION FOR SAVINGS — WORCESTER. 

Incorporated Feb. "5, 1828. Number of corporators, 179. 
Alexander H. Bullock, President. Treasurer, Charles A. Hamilton. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$6,723,094 00 


Public funds, .... 


$1,413,000 00 


Earnings, undi- 




Loans on public funds, . 


2,400 00 


vided, 


185,574 72 


Bank stock, .... 


797,250 00 


Guaranty fund, . 


50,000 00 


Loans on bank stock, 


2,100 00 


Premium, . 


458 06 


Railroad bonds, 


689,000 00 






Real estate by foreclosure, 


84,187 87 






Lpans on real estate, 


• 2,903,543 68 






Loans on personal security, . 


66,423 75 






Loans to counties, cities, or 








towns, 


663,900 00 






Deposit in banks on interest, 


115,000 00 






Deposit in banks not on inter- 








est, 


198,517 26 






Expense account, 


4,295 34 






Profit and loss, .... 


10 32 






Suspense account, . 


2,300 49 






Cash on band, .... 


17,198 07 


» 


$6,959,126 78 


$6,959,126 78 



Loans on Public Funds, amount on eacb : — 
On City of Springfield bonds for $2,000, . 
On United States bonds, 4£s, 1891, $500, . 

Loans on Bank Stock, amount on eacb : — 
On 16 sbares Leominster National Bank, Leominster, 
On 5 sbares Central National Bank, Worcester, 



Casb on Deposit in Banks : — 
Worcester National Bank, Worcester, . . . 
Wacbusett National Bank, 

Amount of real estate by foreclosure, \ . 
Estimated value of tbe same, 

Wbole amount of interest or profits received or earned, 
Rate and amount of eacb semi-annual dividend ) 2-Jper cent., 

for the previous year, ) 2£ per cent., 

Times for tbe dividends fixed by tbe by-laws : January and July. 
Tbe total amount of loans, with eacb specified rate of interest 

$100,000, 3f per cent. ; $170,000, 4 per cent. ; $20,000, 4f per cent. 

$433,500, 5 per cent.; $12,000, 5| per cent. ; $80,000, 5£ per cent. 

$4,312,867.43, 6 per cent. ; $10,000, 6* per cent. ; $602,000, 7 per cent 
Number of outstanding loans wbicb are of an amount not 

exceeding $3,000 each, 779 

Aggregate amount of tbe same, 

Number of open accounts, 16,425 

Number and amount of deposits received for previous year, 8,022 
Number and amount of deposits of and exceeding $300 at 

any one time for the previous year, 723 



^2,000 00 
400 00 



$1,600 00 
500 00 

$298,517 26 
15,000 00 



187 87 
84,187 87 

$413,717 31 
( 159,263 98 
I 159,537 42 



1,226,743 68 
752,859 59 
366,454 03 



1879.] 



PUBLIC DOCUMENT— No. 8. 



331 



Number and amount of withdrawals, .... 9,146 $977,754 58 

Number of accounts opened during the previous year, . 1,990 

Number of accounts closed during the previous year, . 1,754 

Amount of expenses of the corporation during previous year, . 14,156 40 

Amount of treasurer's bonds, 50,000 00 

Date of examination by commissioner : June 6. 



Public Funds. 










Estimated 






Par Yalue. 


Market Value. 


Amount Invested. 


United States bonds, 5-20s, 


$300,500 


$318,905 00 


$300,500 00 


" " " 6s, 1881,. 


320,000 


346,000 00 


320,000 00 


" " " 10-40s, . 


21,500 


23,469 00 


21,500 00 


State bonds : — 








State of Vermont, .... 


5,000 


5,000 00 


5,000 00 


of Rhode Island, 


77,000 


81,620 00 


77,000 00 


of Maine, .... 


20,000 


22,600 00 


20,000 00 


City and town bonds : — 








City of New Bedford, 


5,000 


5,650 00 


5,000 00 


of Worcester, . 




113,000 


122,605 00 


113,000 00 


of Boston, 




44,000 


45,100 00 


44,000 00 


of Fitchburg, . 




35,000 


39,025 00 


35,000 00 


of Roxbury, 1882, . 




20,000 


20,700 00 


20,000 00 


of Lynn, . 




50,000 


56,250 00 


50,000 00 


of Lowell, 




30,000 


33,300 00 


30,000 00 


of Newton, 




40,000 


45,800 00 


40,000 00 


Town of Brookline, . 




20,000 


23,600 00 


20,000 00 


of Westborough, . 




1,000 


1,070 00 


1,000 00 


of Natick, 




10,000 


11,200 00 


10,000 00 


City of New London, Conn., 




25,000 


29,500 00 


25,000 00 


of Norwich, Conn., . 




25,000 


25,250 00 


25,000 00 


of Meriden, Conn., . 




26,000 


29,640 00 


26,000 00 


of Manchester, N.H., 




38,000 


42,180 00 


38,000 00 


of Nashua, N.H., . 




33,000 


36,300 00 


33,000 00 


Town of Grafton, . 




2,000 


2,020 00 


2,000 00 


City of Somerville, . 




10,000 


10,750 00 


10,000 00 


Town of Northampton, . 




13,000 


14,300 00 


13,000 00 


City of Worcester, 5 per cent., 


23,000 


23,230 00 


23,000 00 


of Roxbury, 5 per cent. , . 


6,000 


6,060 00 


6,000 00 



Bank Stock. 



Atlantic Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Columbian Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Faneuil Hall Nat'l Bank, Boston, 
First Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 



$5,400 

37,500 

13,800 

1,400 

5,400 

12,000 

9,000 

2,000 

25,000 

17,200 



$6,769 00 

41,250 00 

13,110 00 

1,456 00 

7,155 00 

10,200 00 

8,730 00 

2,465 00 

42,312 00 

15,638 00 



$5,400 00 

37,500 00 

13,800 00 

1,400 00 

5,400 00 

12,000 00 

9,000 00 

2,000 00 

25,000 00 

17,200 00 



332 



BANK COMMISSIONERS' REPORT. 

Bank Stock — Concluded. 



[Jan. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Globe Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Market Nat'l Bank, Boston, . 
Massachusetts Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
New England Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Old Boston Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, . 
Shawmut Nat'l Bank, Boston, . 
Shoe and Leather Nat'l Bank, Boston 
State Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Washington Nat'l Bank, Boston, 
Commerce Nat'l Bank, Boston, 
North America Nat'l Bank, Boston 
Redemption Nat'l Bank, Boston, 
Republic Nat'l Bank, Boston, . 
City Njat'l Bank, Boston, 
Eagle Nat'l Bank, Boston, 
Exchange Nat'l Bank, Boston, 
Hide and Leather Nat'l Bank, Boston 
Revere Nat'l Bank, Boston, 
Union Nat'l Bank, Boston, 
Webster Nat'l Bank, Boston, . 
Blackstone Nat'l Bank, Uxbridge, 
Fitchburg Nat'l Bank, Fitchburg, 
Grafton Nat'l Bank, Grafton, . 
Lancaster Nat'l Bank, Lancaster, 
Leicester Nat'l Bank, Leicester, 
Millbury Nat'l Bank, Millbury, 
Oxford Nat'l Bank, Oxford, . 
Southbridge Nat'l Bank, Southbridge, 
Ware Nat'l Bank, Ware, 
Third Nat'l Bank, Springfield, 
Central Nat'l Bank, Worcester, 
Citizens' Nat'l Bank, Worcester, 
City Nat'l Bank, Worcester, . 
Mechanics' Nat'l Bank, Worcester, 
Quinsigamond Nat'l B'k, Worcester, 
Worcester Nat'l Bank, Worcester, . 



$3 

18 

15 

7 

11 

12 

19 

4 

3 

35 

17 

13 

11 

3 

15 

19 

24 

7 

9 

21 

20 

11 

4 

30 

37 

7 

30 

1 

5 

4 

2 

5 

10 

4 

3 

1 

20 

28 

24 

29 

13 

20 

80 



,100 
,000 
,000 
,400 
,000 
,500 
,900 
,700 
,250 
,200 
,300 
,400 
,300 
,400 
,600 
,000 
,000 
,800 
,300 
,000 
,800 
,000 
,900 
,800 
,500 
,100 
,000 
,000 
,100 
,500 
,300 
,500 
,800 
,800 
,000 
,000 
,000 
,100 
,800 
,500 
,300 
,600 
,000 



$2 

18 

15 

6 

11 

15 

26 

5 

3 

46 

18 

13 

12 

3 

15 

23 

18 

7 

11 

26 

22 

11 

6 

31 

37 

8 

27 

1 

7 

5 

2 

6 

11 

5 

3 

1 

30 

37 

28 

.29 

15 

23 

100 



,666 00 


$3, 


,360 00 


18, 


,600 00 


15, 


,520 00 


7,- 


,495 00 


11, 


,625 00 


12, 


,118 00 


19, 


,287 00 


4, 


,965 00 


3, 


,552 00 


35, 


,321 00 


17, 


,433 00 


13, 


,444 00 


11, 


,740 00 


3, 


,478 00 


15, 


,750 00 


19, 


,960 00 


24, 


,800 00 


7, 


,160 00 


9, 


,145 00 


21, 


,156 00 


20, 


,311 00 


11, 


,602 00 


4, 


,108 00 


30, 


,500 00 


37, 


,837 00 


7, 


,825 00 


30, 


,125 00 


1, 


,650 00 


5, 


,040 00 


4, 


,300 00 


2, 


,050 00 


5, 


,988 00 


10, 


,760 00 


4, 


,675 00 


3, 


,120 00 


1, 


,000 00 


20, 


,373 00 


28, 


,520 00 


24, 


,795 00 


29, 


,295 00 


13, 


,600 00 


20, 


,000 00 


80, 



,100 00 
,000 00 
,000 00 
,400 00 
,000 00 
,500 00 
,900 00 
,700 00 
,250 00 
,200 00 
,300 00 
,400 00 
,300 00 
,400 00 
,600 00 
,000 00 
,000 00 
,800 00 
,300 00 
,000 00 
,800 00 
,000 00 
,900 00 
,800 00 
,500 00 
,100 00 
,000 00 
,000 00 
,100 00 
,500 00 
,300 00 
,500 00 
,800 00 
,800 00 
,000 00 
,000 00 
,000 00 
,100 00 
,800 00 
,500 00 
,300 00 
,600 00 
,000 00 



Railroad Bonds. 






Old Colony Railroad bonds, 


$154,000 


$177,100 00 


$154,000 00 


Fitchburg Railroad bonds, 


30,000 


34,500 00 


30,000 00 


Worcester and Nashua R.R. bonds, . 


260,000 


276,850 00 


260,000 00 


Boston and Lowell Railroad bonds, . 


15,000 


15,450 00 


25,000 00 


Boston and Maine Railroad bonds, . 


30,000 


34,800 00 


30,000 00 


Boston & Albany R.R. bonds, 7 per ct., 


37,000 


43,660 00 


37,000 00 


" " " " 6perct, 


163,000 


176,040 00 


163,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



333 



WORCESTER FIVE CENTS SAVINGS BANK — WORCESTER. 

Incorporated April 1, 1854. Number of corporators, 254. 

Clarendon Harris, President. Treasurer, George "W". Wheeler. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,861,067 30 


Public funds, .... 


$429,500 00 


Earnings, undi- 




Loans on public funds, . 


3,000 00 


vided, 


11,405 58 


Bank stock, . 


177,100 00 


Guaranty fund, . 


10,000 00 


Loans on bank stock, 


2,425 00 






Railroad bonds, 


29,000 00 






^Real estate by foreclosure, 


18,225 00 






Loans on real estate, 


985,025 00 






Loans on personal security, . 


16,600 00 






Loans to counties, cities, or 








towns, 


136.200 00 






Deposits in banks on interest, 


55,863 24 






Premium account, . 


30,430 13 






Expense account, 


1,884 11 






Cash on hand, .... 


3,220 40 




$1,882,472 88 


$1,882,472 88 



Loans on Public Funds, amount on each : — 
On United States bonds, $2,000, .... 
On city of Worcester bonds, $1,000, . 

Loans on Bank Stock, amount on each: — 
On 8 shares Central National Bank, Worcester, 
On 5 shares Worcester National Bank, Worcester, 
On 15 shares Grafton National Bank, Grafton, . 

Cash on Deposit in Banks: — 
City National Bank, Worcester, .... 
American National Bank, Worcester, 

Amount of real estate by foreclosure, 
Estimated value of the same 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2 per cent., 

for the previous year, ) 2 per cent., 

Times for the dividends fixed by the by-laws : January and July. 
Average annual per cent, of dividends for the term ending at the 

time of and including the last extra dividend : 6 T 5 T per cent. 
The total amount of loans, with each specified rate of interest: 

$55,000, 4 T ^ per cent. ; $48,000, 5 per cent. ; $1,025,750, 6 per 

cent. ; $8,500, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 417 

Aggregate amount of the same, 

Number of open accounts, 8,354 

Number and amount of deposits received for previous year, 4,921 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 176 

Number and amount of withdrawals, .... 4,198 
Number of accounts opened during the previous year, . . 957 
Number of accounts closed during the previous year, . 1,065 



$2,000 00 
1,000 00 

$700 00 

500 00 

1,225 00 

$28,967 41 
26,895 81 

$18,225 00 
18,150 00 

$104,969 60 
( 38,355 66 
( 36,478 61 



551,825 00 

224,519 16 

91,738 48 
434,954 93 



334 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Amount of expenses of the corporation during previous year, 

Amount of treasurer's bonds, 

Date of examination by commissioner : May 29. 

Public Funds. 



$4,960 86 
20,000 00 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 


$220,000 


$233,223 75 


$242,797 50 


City and town bonds : — 








City of Boston 5s, gold, . 


10,000 


10,200 00 


10,000 00 


Town of Brookline 7s, currency, 


5,000 


5,900 00 


5,000 00 


City of Cambridge 6s, currency, 


25,000 


26,500 00 


25,000 00 


of Lowell 6s, currency, 


27,000 


29,700 00 


27,000 00 


of New London, Conn., 7s, cur., 


14,000 


16,800 00 


14,000 00 


of Newton 6s, currency, . 


25,000 


28,000 00 


26,750 00 


of Salem 5s, currency, 


3,000 


3,060 00 


3,000 00 


of Springfield 7s, currency, 


12,000 


13,440 00 


12,000 00 


of Worcester 6s, currency, 


83,500 


89,015 00 


84,223 75 


of Lynn, currency, . 


5,000 


5,150 00 


5,100 00 



Bank Stock. 



Atlas Nat'l Bank, Boston, 


$5,000 


$5,525 00 


$5,000 00 


Eagle Nat'l Bank, Boston, 


10,000 


10,400 00 


10,000 00 


Eliot Nat'l Bank, Boston, 


9,200 


9,568 00 


9,200 00 


First Nat'l Bank, Boston, 


6,700 


11,339 50 


6,700 00 


Hamilton Nat'l Bank, Boston, 


5,000 


5,112 50 


5,000 00 


Hide and Leather Nat'l B'k, Boston, 


7,500 


7,725 00 


7,500 00 


Howard Nat'l Bank, Boston, . 


10,000 


10,400 00 


10,000 00 


Merchants' Nat'l Bank, Boston, 


5,000 


6,250 00 


5,000 00 


Commerce Nat'l Bank, Boston, 


5,900 


4,897 00 


5,900 00 


North Nat'l Bank, Boston, 


800 


900 00 


800 00 


Shawmut Nat'l Bank, Boston, 


5,000 


5,237 50 


5,000 00 


State Nat'l Bank, Boston, 


5,000 


5,650 00 


5,000 00 


Traders' Nat'l Bank, Boston, . 


5,000 


4,500 00 


5,000 00 


Webster Nat'l Bank, Boston, . 


5,000 


5,000 00 


5,000 00 


Central Nat'l Bank, Worcester, 


7,000 


9,100 00 


7,000 00 


Citizens' Nat'l Bank, Worcester, 


700 


840 00 


700 00 


City Nat'l Bank, Worcester, . 


26,800 


30,016 00 


29,400 00 


Mechanics' Nat'l Bank, Worcester, . 


6,400 


7,360 00 


6,792 00 


Quinsigamond Nat'l B'k, Worcester, 


13,900 


16,680 00 


13,900 00 


Worcester Nat'l Bank, Worcester, . 


2,000 


2,560 00 


2,000 00 


First Nat'l Bank, Leominster, 


5,000 


5,400 00 


5,600 00 


Grafton Nat'l Bank, Grafton, . 


5,000 


5,600 00 


5,000 00 


Leicester Nat'l Bank, Leicester, 


3,000 


3,300 00 


3,000 00 


Millbury Nat'l Bank, Millbury, 


10,700 


11,770 00 


10,700 00 


Northboro' Nat'l Bank, Northboro', 


3,000 


3,450 00 


3,000 00 


Spencer Nat'l Bank, Spencer, . 


5,000 


5,000 00 


5,000 00 


Wachusett Nat'l Bank, Fitchburg, . 


2,500 


3,000 00 


2,500 00 


Westminster Nat'l B'k, Westminster, 


1,000 


1,000 00 


1,000 00 



Railroad Bonds. 



Worcester and Nashua R.R. bonds, 




$30,000 00 



$29,000 00 



1879.] 



PUBLIC DOCUMENT — No. 8. 



335 



WORCESTER MECHANICS' SAYINGS BANK — WORCESTER. 

Incorporated April 15, 1851. Number of corporators, 122. 

Harrison Bliss, President. Treasurer, Henry Woodward. 

Statement. 



Liabilities. 


^ Assets. 


Value on Books. 


Deposits, . 


$2,847,616 92 


Public funds, .... 


$579,300 00 


Earnings, undi- 




Loans on public funds, . 


1,000 00 


vided, 


33,653 60 


Bank stock, .... 


269,900 00 


Guaranty fund, . 


17,206 00 


Loans on bank stock, 


1,900 00 






Railroad bonds, 


72,500 00 






Real estate by foreclosure, 


58,389 20 






Loans on real estate, 


1,562,072 39 






Loans on personal security, . 


137,947 11 






Loans on railroad bonds, . 


10,000 00 






Loans to counties, cities, or 








towns, 


51,000 00 






Deposit in banks on interest, . 


88,793 99 






Expense account, 


4,180 03 






Premium account, 


39,157 38 






Suspense account, 


10,065 00 






Cash on hand, .... 


12,271 42 




$2,898,476 52 


$2,898,476 52 



Loan on Public Funds : — 
On United States bonds, $1,000, 



Loans on Bank Stock, amount on each : — 

On 5 shares Leicester National Bank, Leicester ; 5 shares City Na- 
tional Bank, Worcester; and 4 shares Central National Bank, 
Worcester, 

On 14 shares Mechanics' National Bank, Worcester, . . 

Cash on Deposit in Banks : — 

Mechanics' National Bank, Worcester, 

Commerce National Bank, Boston, 



Amount of real estate by foreclosure, 
Estimated value of the same, 



$1,000 00 



L,300 00 
600 00 



$74,239 39 
14,554 60 

$58,389 20 
58,389 20 



$144,834 73 
I 73,603 89 
\ 52,260 54 



Whole amount of interest or profits received or earned, . 
Rate and amount of each semi-annual dividend ) 2^ per cent., 

for the previous year, )2 percent., 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest 

$38,000, 5 per cent. ; $1,717,179.50, 6 per cent. ; $8,740, 7 per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 519 

Aggregate amount of the same, ........ 668,704 00 

Number of open accounts, 6,074 

Number and amount of deposits received for previous year, 2,269 240,412 84 



336 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits of and exceeding $300 at any 



one time for the previous year, .... 
Number and amount of withdrawals, 
Number of accounts opened during the previous year, 
Number of accounts closed during the previous year, 



, 220 $124,453 37 
4,299 568,688 74 
. 576 
. 868 



Amount of the expenses of the corporation during previous 

year, including taxes, 7,214 75 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner : June 4. 

Public Funds. 



, 




Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 


$276,300 


$293,727 00 


$281,184 76 


City and town bonds: — 








City Worcester, .... 


106,000 


110,000 00 


107,281 24 


of Springfield, . 




34,000 


38,420 00 


35,700 00 


of Burlington, Vt., . 




25,000 


25,000 00 


25,000 00 


of Cambridge, . 




25,000 


27,500 00 


26,537 00 


of New London, Conn., 




20,000 


22,000 00 


21,000 00 


ef Norwich, Conn., . 




10,000 


11,050 00 


11,050 00 


of Rockland, Me., . 




7,000 


7,070 00 


7,070 00 


Town of Brookline, . 




7,000 


7,420 00 


7,350 00 


of Westborough, . 




3,000 


3,000 00 


3,000 00 


City of Augusta, Me., 




11,000 


11,687 50 


11,687 50 


of Portsmouth, N.H., 




5,000 


5,275 00 


5,275 00 


of Providence, R. I., 




50,000 


50,375 00 


50,750 00 



Bane 


: Stock. 






Boylston Nat'l Bank, Boston, . 


$4,000 


$4,175 00 


$4,750 00 


City Nat'l Bank, Boston, 


10,000 


10,800 00 


12,025 00 


Commerce Nat'l Bank, Boston, 


22,700 


18,782 87 


25,791 00 


Redemption Nat'l Bank, Boston, 


5,000 


6,000 00 


7,050 00 


Boston Nat'l Bank, Boston, 


11,300 


10,283 00 


11,459 37 


Eliot Nat'l Bank, Boston, 


- 8,600 


8,299 00 


10,028 75 


North Nat'l Bank, Boston, 


10,000 


11,250 00 


10,568 75 


Republic Nat'l Bank, Boston, . 


3,400 


4,233 00 


4,471 00 


Merchants' Nat'l Bank, Boston, 


7,000 


8,750 00 


9,327 50 


Traders' Nat'l Bank, Boston, . 


5,500 


4,950 00 


5,568 75 


Market Nat'l Bank, Boston, . 


10,000 


9,100 00 


10,875 00 


Revere Nat'l Bank, Boston, 


15,000 


15,112 00 


15,000 00 


Hide and Leather Nat'l B'k, Boston, 


17,100 


18,057 50 


19,058 00 


Suffolk Nat'l Bank, Boston, . 


5,900 


6,578 50 


7,238 25 


City Nat'l Bank, Worcester, . 


18,000 


18,000 00 


18,000 00 


Mechanics' Nat'l Bank, Worcester, . 


35,400 


39,294 00 


40,609 69 


Central Nat'l Bank, Worcester, 


8,400 


10,080 00 


9,167 50 


Worcester Nat'l Bank, Worcester, . 


9,500 


10,925 00 


10,222 00 


Citizens' Nat'l Bank, Worcester, 


11,500 


13,800 00 


15,662 50 


Quinsigamond Nat'l B'k, Worcester, 


1,600 


1,696 00 


1,735 50 



1879.] 



PUBLIC DOCUMENT — No. 8. 

Bank Stock — Concluded. 



337 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



First Nat'l Bank, Worcester, . 
Grafton Nat'l Bank, Grafton, . 
Sonthbridge Nat'l B'k, Southbridge, 
Millbury Nat'l Bank, Millbury, 
First Nat'l Bank, Clinton, 
Franklin Nat'l Bank, Franklin, 
Wachusett Nat'l Bank, Fitchburg, . 
Westminster Nat'l B'k, Westminster, 
First Nat'l Bank, Leominster, . 



$1,200 

11,400 
3,500 
4,300 
1,000 
5,100 

11,500 
2,000 

10,000 



$1,560 00 

13,110 00 
4,375 00 
4,750 00 
1,100 00 
5,100 00 

12,650 00 
2,000 00 

10,800 00 



$1,656 00 
10,720 00 

3,780 00 

5,220 

1,120 

5,715 
11,500 

2,000 
11,200 



00 
00 
00 
00 
00 
00 



Railroad Bonds. 



Boston and Albany Railroad bonds, 
Worcester and Nashua R.R. bonds, 




$23,400 00 « 
55,125 00 



$21,000 00 
52,500 00 



43 



338 



BANK COMMISSIONERS' REPORT. 



[Jan. 



WORCESTER NORTH SAVINGS INSTITUTION — FITCHBURG. 

Incorporated May 26, 1868. Number of corporators, 98. 

Augustus Whitman, President. Treasurer, Henry A. Willis. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Earnings, undi- 
vided, 
Guaranty fund, . 



$1,334,745 94 

16,983 31 
11,445 59 



Public funds, 

Bank stock, 

Loans on bank stock, 

Railroad bonds, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, 

Loans to counties, cities, or 

towns, .... 
Deposit in banks on interest, 
Expense account, 
Casb on hand, . 



L,363,174 84 



$229,298 53 

82,626 75 

25,300 00 

35,146 00 

9,047 00 

714,213 05 

224,120 83 

25,000 00 

16,000 00 

669 55 

1,753 13 

$1,363,174 84 



Loans on Bank Stock, amount on each : — 
On 25 shares Fitchburg National Bank, Fitchburg, .... $2,000 00 
On 40 shares First National Bank, Leominster, .... 4,000 00 
On 170 shares Safety Fund National Bank, Fitchburg, . . . 11,800 00 
On 7 shares Atlas National Bank, Boston ; on 3 shares Bollstone 

National Bank, Fitchburg, 800 00 

On 60 shares Wachusett National Bank, Fitchburg, and other col- 
lateral, 6,700 00 

Cash on Deposit in Bank : — 
Bollstone National Bank, Fitchburg, $16,000 00 

Amount of real estate by foreclosure, $9,047 00 

Estimated value of the same, 9,047 00 

Whole amount of interest or profits received or earned, . . . $67,660 80 
Bate and amount of each semi-annual dividend I 2£ per cent., . . ( 31,533 62 

for the previous year, . . . . . ) 2£ per cent., . . ( 31,913 63 
Times for the dividends fixed by the by-laws : Jan. 1 and July 1. 
The total amount of loans, with each specified rate of interest : 

$20,000, 3f per cent. ; $25,000, 4 per cent. ; $40,557, 5 per cent. ; 

$152,493, 6 per cent.; $724,308.88, 6* per cent.; $171,125, 7 per 

cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 370 

Aggregate amount of the same, . . 444,123 92 

Number of open accounts, 3,388 

Number and amount of deposits received for previous year, 2,134 227,881 98 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, . . . . . . 219 122,327 16 



1879.] 



PUBLIC DOCUMENT — No. 8. 



339 



Number and amount of withdrawals, .... 2,153 $248,680 94 

Number of accounts opened during the previous year, . . 639 

Number of accounts closed during the previous year, . . 458 

Amount of expenses of the corporation during previous year, . 4,019 09 

Amount of treasurer's bonds, 20,000 00 

Date of examination by commissioner: Nov. 13. 





Public Funds. 










Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States bonds, 1881, 


$80,000 


$84,612 50 


$84,448 53 


City and town bonds : — 








City of Springfield, .... 


20,000 


23,800 00 


22,600 00 


of Norwich, Conn., 






20,000 


23,200 00 


22,400 00 


of New Bedford, 






20,000 


22,000 00 


21,300 00 


of Portland, Me., 






15,000 


15,800 00 


15,593 00 


of Boston, 






10,000 


11,450 00 


11,400 00 


Town of Dan vers, . 






10,000 


10,200 00 


10,107 00 


City of Fitchburg, . 






10,000 


11,100 00 


11,000 00 


of Lewiston, Me., 






10,000 


10,100 00 


10,000 00 


of Lynn, . 






10,000 


10,300 00 


10,300 00 


Town of Wayland, . 


10,000 


10,150 00 


10,150 00 



Bank Stock. 



Rollstone Nat'l Bank, Fitchburg, . 


$10,500 


$16,275 00 


$15,446 00 


Boston Nat'l Bank, Boston, 


10,000 


10,000 00 


10,000 00 


First Nat'l Bank, Leominster, . 


10,000 


9,000 00 


9,000 00 


Webster Nat'l Bank, Boston, . 


5,000 


5,000 00 


5,000 00 


Commerce Nat'l Bank, Boston, 


10,000 


8,000 00 


8,500 00 


Atlas Nat'l Bank, Boston, 


7,800 


8,619 00 


8,580 00 


Merchants' Nat'l Bank, Boston, 


5,000 


6,250 00 


6,390 25 


Eagle Nat'l Bank, Boston, 


5,000 


5,150 00 


5,200 00 


City Nat'l Bank, Boston, 


7,200 


7,704 00 


7,710 50 


Exchange Nat'l Bank, Boston, . 


5,000 


6,762 50 


6,800 00 



Railroad Bonds. 



Boston and Albany Railroad bonds, 
Vt. and Massachusetts R.R. bonds, 



$13,000 
20,000 



$15,405 00 
22,000 00 



$14,336 25 

20,809 75 



340 



BANK COMMISSIONERS' REPORT. 



[Jan. 



WORONOCO SAVINGS BANK — WESTFIELD. 

Incorporated 1871. Number of corporators, 25. 

Samuel Horton, President. Treasurer, Royal Weller. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$592,797 07 
5,642 31 
2,767 37 


Public funds, .... 
Loans on public funds, . 
Bank stock, .... 
Loans on bank stock, 


$122,916 09 

4,973 69 

3,760 00 

800 00 






Real estate by foreclosure, 
Loans on real estate, 


1,100 00 
339,790 00 






Loans on personal security, . 
Loans to counties, cities, or 


91,965 00 






towns, 

Expense account, 
Deposit in banks, . 


18,500 00 

399 61 

16,202 36 




3601,206 75 


$601,206 75 



Loan on Public Funds : — 
On United States bonds, par value $6,000, 

Loan on Bank Stock : — 
On 10 shares Hampden National Bank, Westfield, 

Cash on Deposit in Bank : — 
Hampden National Bank, Westfield, 



$4,973 00 

$800 00 

$16,202 36 



Whole amount of interest or profits received or earned, . . . $35,037 24 
Kate and amount of each semi-annual dividend > 1\ percent., . ( 13,288 87 

for the previous year, \ 2£ per cent., . ( 13,664 34 

Times for the dividends fixed by the by-laws : January and July. 
The total amount of loans, with each specified rate of interest: 

$3,500, 5 per cent. ; $13,500, 6£ per cent. ; $424,028.69, 6£ per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 190 

Aggregate amount of the same, . . . . , . . 230,303 69 

Number of open accounts, 1,351 

Number and amount of deposits received for previous year, . 940 142,042 83 
Number and amount of deposits of and exceeding $300 at any 

one time for the previous year, 106 84,963 34 

Number and amount of withdrawals, 888 100,801 12 

Number of accounts opened during the previous year, . . 252 
Number of accounts closed during the previous year, . . 208 
Amount of expenses of the corporation during previous year, . 870 71 

Amount of treasurer's bonds, 10,000 00 

Date of examination by commissioner: Oct. 1. 



1879.] PUBLIC DOCUMENT — No. 8. 

Public Funds. 



341 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States bonds, 


1116,500 


$121,412 50 


$122,916 09 


Bank Stock. 


Hampden, 


$2,500 


$3,750 00 


$3,760 00 



342 



BANK COMMISSIONERS' REPORT. 



[Jan. 



AGGREGATE STATEMENT. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, 
Guaranty fund, . 
Surplus, 
Sundries, . 


$209,860,631 18 

1,524,196 65 

4,349,389 74 

520,489 81 


Public Funds : — 

United States bonds, . 

State, city, and town bonds, . 
Loans on public funds, 

Bank stock, 

Loans on bank stock, 
Railroad bonds, .... 
Loans on railroad bonds, . 

Real estate, 

Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or 
towns, ...... 

Deposits in banks on interest, . 

Sundries, 1 

Cash on band, .... 


$18,059,037 50 

15,236,599 69 

1,482,788 69 

24,408,027 64 

847,096 34 

7,225,991 04 

117,212 57 

2,506,729 20 

5,785,598 36 

96,505,409 74 

25,624,124 83 

8,433,935 17 
6,916,862 43 
1,857,933 59 
1,247,360 59 




$216,254,707 38 


» 


$216,254,707 38 



Whole amount of interest or profits received or earned, 
Percentage of earnings to total assets, .... 



$13,192,042 86 



6 iV 



Rate of ordinary dividends paid by 159 Banks : 
9 at 2 per cent. \ 38 at 4 per cent. 5 at 4f per cent. 

3 at 2£ per cent. > 1 dividend each. 3 at 4£ per cent. 68 at 5 per cent. 



7 at 2-J per cent. ) 

Amount of loans, with 

$58,000.00, 2 per ct. 

90,966.00, 2£ per ct. 
1,196,000.00, 3 per ct. 

50,000.00, 3| 
1,219,500.00, 3£ 



26 at 4J per cent. 9 banks paid no dividend. 



320,000.00, 3| 



per ct. 
per ct, 
per ct, 
per ct, 



1,617,143.12, 4 

2,524,500.00, 4£ per ct 
55,000.00, 4 T 7 F per ct 
36,000.00, 4f per ct 



specified rates of interest : 

$13,614,127.97, 5 per ct. $320,000, 

219,000.00, 5£ per ct. 38,540,665. 

2,385,383.00, 5£ per ct. 52,405. 

271,000.00, 5| per ct. 3,448,407 

44,070,499.86, 6 per ct. 75,000. 

34,000.00, 6| per ct. 3,193,068. 

10,000.00, 6f per ct. 46,745. 

60,000.00, 6 T Vo perct. 2,899,413. 

19,813,003.19, 6£ per ct. 20,500. 

229,000.00, 6 t 6 q per ct. 1,775. 



00, 6| 
33,7 
00, 7i 

00, 7* 
04, 7i 
00,7f 
23,8 
00, 9 
00, 10 



per ct. 
per ct. 
per ct. 
per ct. 
per ct. 
per ct. 
per ct. 
per ct. 
per ct. 
per ct. 



,174,568 11 



ggregate amount of ordinary dividends for the previous year, 
•Rate of ordinary dividends for the previous year, 4 T 7_ J . per cent. 
Number of outstanding loans which are of an amount not 

exceeding $3,000 each, 35,236 

.Aggregate amount of the same, 38,843,778 58 

Number of open accounts, 674,251 

Number and amount of deposits received for previous year, 373,831 29,763,370 14 



1 This item includes loans on railroad stock, accrued interest, premium, and expense ac- 
counts, &c. 





ALPHABETICAL LIS! 


OK THE SAVINGS BANKS. WITH STATEMENTS 


OE THEU! LIA1 


UL1TIES 


AND ASSETS AT THE 


CLOSE OF BUSINESS, OCTOBER 


31, 


187S 


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1,000 00 


2o!nfl 00 


ojin'l III 


0,040 00 


T 


5,Si 23 


21 !j0M SS 


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4,700 a 


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038 52 




8S0 40 


8SO;o04 20 


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1,500 00 


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11,221 22 


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4:220 34 


23»:737 48 


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5,000 00 


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1,878 a 


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8J800 00 


18,000 a 


20,840 10 


313 52 




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SI 


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34,176 20 


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III 


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ii: : rr: r; ,1:""'" : j> ;;;; 


SI 


0,470 50 


"iS! 25 


: 


12,707 10 


™S S5 


'IS SJ 


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85},, 


23,025 01 




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'«01> 75 luloiO 00 


4,073 00 


3,70000 


'800 00 






woo 


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Stloioo 


tsssss 




''sSoof 




1202 80 


' w,':i'.l 7.' 


10s 




WW- 


W,310,3S0 74 




«20,4SO 81 




.1,482,788 00 


824,403.02,0, 


8817.000 34 


,7,225,50104 


8117,212 57 


88,202,827 50 


800,505,400 74 


,2,024,124 83 


«,433,085 1, 


M ,.10,S.«43 


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,2,.,2..,, OT 33 


~ 



BANKS IN THE HANDS OF RECEIVERS. 



it 


i;l;i' :|i£ iiL| i 


i|i n 


- 1 ,3.470 03 

50.40; s |.];;: uj 


•»s 


111 


81,,806 25 


E 


til Ii 




T.u,„M, n ,„k, M i, E ™u.6up, 


*7,202, .2 


.17.7,777 11 n - 1 ...,:k. ... 


.7. 7=-. I'-: '..I 


830,830 25 


- 


,150.072 75 




T.k.k.JI70 l k,„k 


8217.12...031 60 


.,,..,..7.,,; 18 ,1,686,777 40|m27,,84 M 


,223,a3.001 34 




81,182,788 00 


,24,858,,a 30 



3,805 00 


510,000 25 




':,','..■;: 


$-i!^,iiit:: ui 


?lU7,il7 'LS 


*10,050 00 


Jli 


■.•it. 72 


S.13,00-1 11 

lnji-l 1E7 


■H.ip.n;,-, :.i 


1 




-17, :.,.<; v.', 


- 


M.Kll, 71- 


;.;.i;v.-.:-. 7" 


1480,10] 73 


HOflM 00 


«S83,801 00 


,1 ■:■<■: !■■■ 


>.r.~,.--'-r, ,..-. 


■7,7.:-,li-! ".■; 




-'■-.-1 ;ti 


f7,27:(,-Hi7 L'U 


1117,111 n 


jH),1-_-i|..,SS;l.-, 


jw,i.»;,,^i:, 4-1 


>-!(., 1 IM^Ii .-,.. 




■;.,■:. si.sso.JTO?, |#'..ffi«,E01 ;-. 


.L-i:,t»j 1 .M.i m 


- 



ALPHABETICAL LIST OF THE SAVINGS BANKS, WITH STATEMENTS OF THEIR LIABILITIES AND ASSETS AT THE CLOSE OF BUSINESS, OCTOBER 31 1878. 



NAMES OF B A K K S. 



9 : 
10 

11 
12 
13 
14 
13 
16 
17- 
IS 2 
19' 
20 

21 
22 
23 
24 
25 
26 
27 
28 a 
29 
30 



50 2 Fall River Savings Bank, . 



Abington Savings Bank, . 
Amherst Savings Bank, . 
Andover Savings Bank, . 
Arlington Savings Bank, . 
Ashburnhain Savings Bank, . 
Atliol Savings Bank, 
Attleborough Savings Bank, . 
Barre Savings Bank, 
Bass River Savings B'k, S. Tarm'th, 
Benj. Franklin Sav'gs B'k, Franklin, 

Berkshire County Savings Bank, . 
Beverly Savings Bank, 
Boston Five Cents Savings Bank, . 
Boston Penny Savings Bank, . 
Braintree Savings Bank, . 
Bridgewater Savings Bank, 
Brighton Five Cents Savings Bank, 
Bristol Co. Savings Bank, Taunton, 
Broadway Savings Bank, Lawrence, 
Brookfield Savings Bank, . 

Brookline Savings Bank, . 
Cambridgeport Savings Bank, . 
Cambridge Savings Bank, 
Canton Institution for Savings, 
Cape Ann Savings Bank, Gloucester, 
Cape Cod Savings Bank, Harwich, . 
Central Savings Bank, 
Charlestown Five Cts. Savings B'k, 
Chelsea Savings Bank, 
Chicopee Falls Savings Bank, . 

Chicopee Savings Bank, . 
Citizens' Savings Bank, Fall River, . 
City Five Cts. Sav. Ban!;, Haverhill, 
City Institution for Savings, Lowell, 
Clinton Institution for Savings, 
Cohasset Savings Bank, . 
Crocker Inst. forSav'gs, Turner's F'ls. 
Danvers Savings Bank, . 
Dedham Institution for Savings, 
East Boston Savings Bank, 

East Bridgewater Savings Bank, 
E. Cambridge Five Cts. Savings B'k, 
Easthampton Savings Bank, . 
E. Weymouth Five Cts. Savings B'k, 
Eliot Five Cents Savings Bank, 
Emigrant Savings Bank, Boston, . 
Essex Savings Bank, Lawrence, 
Fairhaven Institution for Savings, . 
Fall River Five Cents Savings Bank, 



Amount of Deposits 



Amount of 
Surplus on Hand. 



Guaranty Fund, 



Sundry 
Liabilities. 



Fitchburg Savings Bank, . 
Florence Savings Bank, . 
Foxborough Savings Bank, 
Framingham Savings Bank, . 
Franklin Savings Bank, Boston, 
Franklin Inst. forSav'gs, Greenfield, 
Gardner Savings Bank, . 
Georgetown Savings Bank, 
Grafton Savings Bank, 
Greenfield Savings Bank, 

Great Barrington Savings Bank, 
Groveland Savings Bank, . 
Hampden Savings Bank, . 
Hampshire Savings Bank, 
Haverhill Savings Bank, . 
Haydenville Savings Bank, 
Hingham Institution for Savings, . 

Holyoke Savings Bank, . .. . 

Home Savings Bank, 
Hoosac Savings Bank, 

Hopkinton Savings Bank, 
tlolliston Savings Bank, . 
Hudson Savings Bank, 
Hyde Park Savings Bank, 
Institution for Savings in Roxbury, 
Inst, for Savings in Newburyport, . 
Ipswich Savings Bank, 
Lawrence Savings Bank, . 

Lee Savings Bank 

Leicester Savings Bank, . 

Leominster Savings Bank, 
Lowell Five Cents Savings Bank, . 
Lowell Institution for Savings, 
Lynn Five Cents Savings Bank, 
Lynn Institution for Savings, . 
Maiden Savings Bank, 
Marblehead Savings Bank, 
Marlborough Savings Bank, 
Mechanics' Savings Bank, Holyoke, 
Mechanics' Savings Bauk, Lowell, . 

Medford Savings Bank, . 
Medway Savings Bank, . 



§785,464 76 
495,014 82 

1,409,867 23 
600,579 54 
24,417 23 
7S8,890 85 
259,4S5 40 
300, 9S0 71 
200,137 13 
224,679 74 

1,654,120 95 
4S5,640 69 

8,675,205 54 

820,559 61 

71,015 8S 

171,163 03 

239,466 98 

2,82S,481 45 
974,279 92 
3S,044 41 

95,834 50 

1,870,541 39 

1,665,309 16 

314,463 20 

892,726 61 

359,591 56 

1,000,523 54 

2,902,S45 94 

1,007,125 15 

31,016 60 

413,653 15 

1,680,913 01 

923,007 70 

3,097,139 20 

612,351 35 

32S,71S 50 

106,987 25 

957,943 39 

1,146,457 15 

1,S17,0S8 18 

117,059 88 

793,956 76 

214.S33 90 

107,581 26 

1,014,440 43 

1,982,604 37 

2,954,202 19 

978,160 67 

1,172,053 85 

5,500,061 00 

1,939,938 99 

8S,647 98 

18S,152 95 

1,025,702 46 

3,467,035 23 

2,698,879 43 

591,523 14 

149,558 61 

120,397 98 

843,659 72 

360,648 73 

30,467 50 

1,461,896 20 

466,318 42 
2,730,905 08 

206,881 70 

1,5S4,995 13 

1,016,594 95 

3,106,487 07 

95,405 70 

219,776 48 
277,633 77 
190,S98 84 
44,585 28 
2,310,099 67 
4,063,614 72 
131,886 64 
451,768 64 
441,903 41 
279,082 53 

519.S07 2S 

2,479,607 92 

2,546,311 75 

1,330,513 70 

1,609,359 40 

292,158 20 

176,759 08 

573,6S2 26 

270,334 35 

1,828,509 75 

300,951 S4 
162,447 10 



§25,078 74 
14,765 09 
44,430 09 
9,121 59 
1S6 97 
4,696 69 
3,616 65 
6,580 28 
9,643 62 
3,310 26 

11,197 S3 

8,269 15 

267,029 09 

6,523 52 

1,567 03 

4.0S6 37 

5,464 95 

21,144 64 

36,946 72 

857 35 

1,790 18 
39,782 78 
35,809 95 
12,920 43 
16,052 25 

7,597 96 
21,974 41 
78,919 08 
13,073 28 



9,079 64 

127,335 17 

59,870 98 

133,992 31 

619 83 

8,001 22 

2,238 11 

17,697 99 

67,053 65 

141,119 05 

2,949 08 

5,182 62 

638 34 

2,061 81 

24,480 42 

31,709 91 

62,248 15 

15,001 28 

74,736 20 

220,960 36 

41,600 53 

1,227 90 

1,149 SI 

48,632 76 

139,542 92 

32,861 00 

8,292 24 

230 96 

6,625 92 

789 77 

92 98 

863 75 
5,380 50 
5,524 01 
11,614 88 
5,163 14 
14,849 85 
26,957 09 
175.411 72 
4,4S6 19 

6,017 60 

7,744 01 
11,035 57 

1,894 09 
59,892 21 
80,51S 97 

2,743 17 
20,597 97 
10,072 83 

5,392 06 

5.272 21 

23,270 83 

49,874 26 

01,789 30 

7S 86 

3,374 48 
15,982 32 

7,167 52 

3.273 37 

7,458 66 
4,145 30 



§4,500 00 
2,6S3 00 

10,000 00 
7,5S3 33 
150 00 
6,960 85 
4,100 00 
1,620 00 
623 20 
2,001 05 

10,000 00 
3,150 06 

75,185 65 
6,441 S7 
374 50 
1,042 30 
1,312 05 

25,000 00 

4,500 00 

203 29 

510 33 

12,000 00 
10,150 00 

4,079 00 
19,000 00 

4,862 14 

7,000 00 
20,000 00 

6,873 00 
81 70 

2,011 36 
8,794 93 
2,500 00 

25,000 00 
4,000 00 
2,000 00 
340 00 
9,530 95 

14.75S 23 
8,625 03 



11,434 94 
1,700 00 
816 45 
9,469 11 
9,019 67 

20,000 00 
5,476 97 
6,600 53 

32,000 00 

17,700 00 
530 68 
1,341 54 
8,000 00 
IS, 137 04 
15,500 00 

3.724 88 
1,000 00 

800 CO 

4.725 84 

2,469 02 

60 00 

10,600 00 

2,525 00 
24,356 53 

1,092 78 

8.083 44 
S,000 00 

10,000 00 
452 30 

2,119 44 
1,500 00 

1.084 73 
306 69 

17,500 00 
47,500 00 
008 00 
2,399 61 
4,000 00 
2,704 26 

3,000 00 
8,492 78 

21,792 64 
8,590 00 

21,000 00 
2,300 00 
930 02 
5,855 60 
1,350 00 

12,000 00 

2,000 00 
1,691 87 



§1,068 31 



Total Amount of 
Liabilities. 



31 00 

100,000 00 



12,000 00 
334 32 



754 89 
4,064 84 



4,100 00 
3,130 84 



26,145 54 



1,840 38 
16,000 00 



14,324 90 



801 00 
600 00 



J 

§815,043 50 
512,462 91 

1,464,297 32 
617,284 46 
25,822 51 
800,554 39 
267,202 05 
309,180 99 
210,403 95 
229,991 05 

1,675,35S 78 
497,059 90 

9,017,480 28 

S33.525 00 

72,957 41 

170,322 70 

246,243 9S 

2,874,020 09 

1,115,720 64 
39,105 05 

9S,135 01 

1,922,324 17 

1,711,269 11 

331,463 22 

927.S42 85 

372,051 66 

1,029,497 95 

3,001,765 02 

1,027,171 31 

31,144 07 

424,744 15 

1,817,043 11 

9S5,37S 68 

3,256,234 11 

616,971 IS 

338,719 72 

121,565 36 

9S5,506 65 

1,228,209 03 

1,906,832 26 

121,596 65 

814,639 16 

217,172 24 

110,459 52 

1,052,4S9 96 

2,026,464 79 

3,036,450 34 

998,638 92 

1,253,390 5S 

5,753,021 36 

2,004,226 92 

90,412 56 

190,644 30 

1,082,335 22 

3,650,860 73 

2,747,240 43 

603,540 26 

150,789 57 

127,823 90 

849,175 33 

363,210 73 

37,391 25 

1,477,876 70 

474,367 43 
2,766,876 49 

213,137 62 
1,609,768 80 
1,051,552 04 
3,291,S9S 79 

116,344 19 

227,913 58 

286,877 78 

203,019 14 

40,786 06 

2,3S7,491 88 

4,191,633 69 

135.237 81 
474,706 22 
455,976 24 

257.238 85 

528,079 49 

2,502,425 60 

2,593,4U5 22 

1,3S8,8S7 96 

1,692,14S 70 

294,537 00 

181,070 18 

595,520 IS 

278,S51 S7 

1,S44,584 12 

311,010 50 
108,284 27 



Public Funds. 



§80,375 00 
63,785 16 

4S4.000 00 
32,000 00 
2,100 00 
78,000 00 

7,470 00 
2,000 00 
21,223 50 

320,000 00 

10,793 75 

1,411,000 00 

58,750 00 

5,076 63 

5,537 50 

7,7S5 00 

124,000 00 

21,400 00 



50,000 00 
103,547 50 

10,000 00 

140,195 42 

1,100 00 

23,000 00 
400,000 00 
14S,738 75 



4,000 00 

77,788 30 
172,600 00 
93,125 00 
10,000 00 

29,105 00 
179,913 25 
40,000 00 

IS, 600 90 
29,000 00 

11,000 00 
295,000 00 

46,937 50 
523,000 00 

90,225 00 
100,000 00 
405,000 00 

127,722 50 

10,456 25 

10,300 00 

31,500 00 

322,981 45 

942,900 00 

52,701 81 

8,743 67 

15,618 75 

25,000 00 

75,500 00 

150,000 00 

881,600 00 
32,730 00 
134,500 00 
171,000 00 
55,000 00 



14,888 00 
17,543 03 

280,842 40 
1,130,905 00 
12,231 34 
25,000 00 
65,000 00 
74,500 00 

2,427 50 
82,975 00 
405,000 00 
155,754 81 
31S,993 33 
68,000 00 
14,077 00 
101,175 00 
10,000 00 
142,500 00 

33,182 50 



Loans on 
Public Funds. 



§1,650 00 

2,500 00 

1,400 00 

50 00 

3,200 00 



200 00 

61,000 00 

350 00 



1,625 00 



103,547 50 
2,000 00 

1,000 00 

100 00 
5,500 00 
1,400 00 



1,800 00 
4,000 00 



42,000 00 
250 00 



5,400 00 
250 00 



231,100 00 
1,185 00 



1,000 00 

6,700 00 
400 00 
500 00 
200 00 

1,100 00 



12,100 00 

2,000 00 

160 00 

400 00 
1,000 00 

600 00 



3,400 00 
50 00 



Bank Stock. 



$146,402 87 
66,604 S9 
114,400 00 
22,624 75 
7,537 25 
17,S00 00 

147,263 41 
100,810 12 
53,558 12 

95,220 00 
163,095 48 
366,687 50 
97,021 23 
8,718 25 
20,534 23 
47,322 25 
77,930 00 
242,546 00 



22,713 63 
11S,173 12 
271,069 73 
28,352 00 
8S,700 00 
53.S99 58 
205,533 75 
662,646 00 
56,859 S7 



17,400 00 
275,591 50 

46,765 45 
648,3S0 00 

77,300 00 

56,500 00 

4,800 00 

119,172 25 

81,726 13 
510,323 51 

20,768 00 
120,060 00 
00,358 78 
3,000 00 
55,400 00 

297,850 00 
267,063 25 
1S0.200 00 
654,200 00 

186,160 00 

13,000 00 
113,900 00 
106,797 83 
73,300 00 
50,785 00 
19,488 00 
37,574 74 
109,400 00 

76,660 28 

5,078 00 

189,649 00 

192,444 62 

497,950 00 

6,835 00 

136,602 50 

162,696 17 

440,050 94 

13,372 00 

56,825 24 
22,665 75 
7,439 33 
10,017 75 
183,139 97 
996,525 60 
31,206 00 
77,700 00 
54.4S0 00 
49,849 12 

52,671 00 
455,930 00 
327,700 00 
367,146 47 
253,606 00 
6,000 00 
54,917 54 
S5.375 00 
21,708 50 
176,950 00 

24,306 00 
19,842 50 



§2,875 00 

1,500 00 

350 00 

2,000 00 
26,650 00 



36,060 00 
6,400 00 

14,600 00 
4,550 00 



3,775 00 
2,546 00 



400 00 
9,000 00 



2,700 00 
26,000 00 

1,000 00 

2,000 00 

1,000 00 
10,900 00 
13,665 00 

900 00 

10,110 00 

15,200 00 

86 00 



14,079 21 
1,290 00 



6,000 00 
5,125 00 



1,000 00 
9,800 00 



1,564 49 

1,850 00 

48,653 92 

31,000 00 

275 00 

2,200 00 

9,070 00 

1,025 00 

7,900 00 
13,200 00 
19,800 00 

850 00 
3,000 00 
21,850 00 



200 00 
5,105 00 
4,500 00 

2,700 00 
18,000 00 

1,500 00 
2,100 00 
1,000 00 

11,120 00 
2,500 00 
4,500 00 
9,100 00 

11,150 00 



15,800 00 
300 00 



Railroad Bonds. 



§53,661 08 

32,500 00 

219,000 00 

5,050 00 



6,060 00 
10,436 45 



10,000 00 

2,100 00 

140,000 00 

5,012 50 

907 62 



50,000 00 



19,750 00 
21,250 00 
10,000 00 



12,000 00 

104,027 50 
223,500 00 
1S.000 00 
35,000 00 



71,151 25 
S,525 00 

8,000 00 
19,000 00 

2,000 00 
6,000 00 

300,000 00 
48,312 10 
45,000 00 



2,700 00 



232,500 00 
8,560 00 



10,500 00 



23,000 00 

119,000 00 
5,737 50 
45,000 00 



21,215 00 
4,000 00 
5,225 00 

187,321 73 
176,375 00 

5,000 00 

3,030 00 



9,983 65 
19,700 00 

13,737 51 
136,500 00 



Loans on 
Railroad Bonds. 



§900 00 



Invested in 
Real Estate. 



1,500 00 



500 00 
1,000 00 



§7,728 29 
13,775 00 
51,600 00 
63,715 10 

3,028 25 
7,145 89 
5,000 00 

7,500 00 

27,683 40 
20,035 82 
298,796 54 
126,843 75 
3,683 25 
3,500 00 
36,360 22 
115,750 51 
32,500 00 



1,416 78 
10,069 94 
82,865 04 

9,595 00 
11,782 34 
12,537 98 
83,500 00 
137,200 00 
66,766 41 



8,092 60 
240,43S 35 

1,050 00 
16,500 00 

1,200 00 
41,317 79 
50,600 00 
329,567 50 



37,200 00 
519,303 13 
62,000 00 
33,555 55 

52,000 00 

166,700 00 

934 18 

7,267 50 

19,100 00 

298,351 96 

15,233 76 

1,674 53 

450 00 

13,8S2 23 

5,075 92 

68,852 65 
0,150 00 



91,839 27 



154,250 00 
7,012 10 



4,550 00 

SO0 00 

8,565 09 

132,867 80 

199,430 11 

1,500 00 

7,075 72 

3,171 58 

500 00 

13,150 00 
132,996 86 
20,334 06 
65,329 99 
63,636 41 

16,213 73 
3,900 00 

207,127 13 

13,183 13 

S,753 88 



Loans on Mortgage 
of Real Estate. 



§457,746 34 
224,248 00 
49S,7S4 43 
400,751 47 
9,677 60 
423,905 52 
172,267 00 
113.74S 67 
28,682 50 
130,405 00 

801,891 02 

282,524 00 

4,962,738 01 

472,000 00 

52,300 00 
120,214 05 
148,875 70 
1,932,610 6S 
628,S07 00 

24,500 00 

00,237 50 

1,330,785 78 

1,090,225 50 

198,661 00 

497,093 00 

95,97S 43 

596,812 50 

1,524, 4S0 00 

673,233 85 

15,775 00 

324,042 00 
692,231 18 
347,440 00 
1,696,447 09 
345,S63 40 
20S,620 00 
63,000 00 
557,103 16 
774,523 80 
955,161 IS 

54,963 67 
572,415 00 
124.S50 00 

75,875 00 

554.200 00 
1,159,296 77 
1,574,846 CO 

209.201 27 
502,700 00 

2,173,842 12 

961,106 00 
57,402 02 
135,010 00 
7S4,71S 43 
2,096,62S 00 
906,769 75 
278,823 00 
103,4S4 03 
49,295 00 
422,074 35 

166,571 17 
27,438 66 
817,530 00 
184,916 63 

1,157,525 00 
103,046 40 
962,914 13 
531,650 00 

2,10S,065 41 
72,923 04 

106,447 27 

194,720 65 

126,190 00 

24,430 32 

1,099,009 07 

1,086,938 97 

73,590 93 

330,097 81 

275,462 64 

128, 7S5 38 

348,2S5 00 
1,410,615 00 
499.9S7 SS 
590,579 54 
774,980 00 
188,900 00 
73,150 00 
401,070 00 
197,776 00 
829,8S5 00 

194,125 00 
122,639 12 



Loans on 
Personal Security. 



§46,939 21 
45,810 05 
61,97S 13 
34,821 77 
2,666 37 

116,910 10 
64,372 00 

53,491 50 
11,180 00 

264,376 04 

9,150 00 

198,017 25 

43,900 00 

300 00 

22,440 00 

1,800 00 

554,229 31 

48,328 19 

12,830 00 



287,318 00 
68,200 00 
26,725 00 
32,400 00 

109,305 21 
65,300 00 
33,500 00 
8,500 00 
11,838 63 

27,033 54 

13,529 00 

105,700 00 
58,925 00 

46,275 00 

202,912 98 

15,425 00 

32,595 00 

13,050 00 

14,423 38 

29,871 50 

3,975 00 

30,000 00 

55,000 00 

151,551 00 

300,076 84 

393,600 00 

2,282,358 00 

443,841 95 

12,796 84 

9,899 S9 

S4,055 00 

73,860 15 

155,916 28 

1,384 2S 

15,238 S2 

1,150 00 

160,818 85 

22,033 68 
2,260 00 
142,351 35 
43,659 64 
12,850 00 
56,488 32 
97,718 15 
102,540 00 
149,700 00 
19,795 27 

5,300 00 
21,478 33 
19,066 11 

367,237 02 
284,302 00 
8,002 00 
10,909 45 
29,360 38 
13,909 00 

78,850 00 
228,640 00 

11,500 00 
12,600 00 
26,200 00 
3,000 00 
950 00 
33,354 00 
281,800 00 

16,930 00 
13,872 97 



Loans to Counties, 
Cities or Towns. 



§500 00 
48,700 00 
20,000 00 
40,300 00 

1,099 77 
96,580 00 
18,000 00 
17,610 48 

3,000 00 

44,000 00 

651,000 00 



3,691 25 

20,000 00 

16,000 00 

110,500 00 

7,700 00 

40,000 00 

40,407 50 

550 00 

15,400 00 

70,000 00 
371,000 00 

9,000 00 
4,000 00 
14,000 00 
9,850 00 



2,000 00 



13,000 00 
1,500 00 



5,000 00 

297,930 00 

105,563 21 

15,000 00 
4,985 00 

1,000 00 
2,100 00 



42,000 00 
1,800 00 
42,000 00 

35,000 00 



32,993 75 
7,000 00 
10,000 00 

13,900 00 
210,000 00 



20,000 00 
3,850 00 

5,000 00 
70,000 00 
1,228,500 00 
37,500 00 
63,428 00 

3,763 72 



15,000 00 



Deposits in Banks 
bearing Interest. 



§15,380 90 

10,751 39 

17,055 80 

616 31 

33,000 00 

11,993 02 

6,599 90 

994 97 



849,320 62 
15,521 82 
1,284 54 



37,931 44 



5,437 45 
123,000 00 
62,150 76 

19,595 44 

17,233 89 

50,761 50 

59,052 02 

28.4S1 16 



12,000 00 
35,000 00 
7S.174 76 
6,475 57 



25,879 60 
27,646 99 



3,161 32 
11,857 54 



1,609 52 



232,586 90 
104,897 95 



30,000 00 
182,000 00 



94,963 27 
8,305 79 



172,514 92 
268,135 00 
98,230 27 



33,434 12 
30,000 00 
6,245 22 
86.1S7 72 
53,179 99 
290,146 30 



4,601 82 
6,988 64 

2,064 18 
25,050 81 
20,757 19 

7,075 00 

5,359 65 



91,094 47 
47,383 28 
128.3S5 50 
160,519 20 



2,479 08 

33,254 65 

13,896 29 
1,411 21 

O 070. 71 



$809 39 

12,139 81 

2,033 37 

205 41 

2 04 

853 92 

5,333 83 

2,083 48 
721 78 

12,411 82 
2,659 70 
3,709 64 
1,218 19 
30 00 
3,968 42 
53 33 

11,533 23 
1,668 01 
1,424 63 

170 79 
1,495 04 
2,993 99 

13,380 22 
4,298 40 
3,903 9S 
1,612 32 

17,887 00 
2,261 62 
1,975 94 

2,676 01 
2,763 65 

1,176 52 
6,142 78 
3,099 72 
941 72 
8,195 73 

•1,407 85 

705 39 

3,244 66 

639 46 

27,600 96 
1,648 58 

16,305 39 

4,104 02 

435 88 

2,575 08 

5,172 03 

4S1 48 
7,S83 96 
42,790 87 
2,241 40 
1,529 99 
6,974 10 
3,109 45 
0,985 41 
5,000 00 

15,329 37 

514 59 

61,830 54 

5,751 49 
72 02 
8,457 73 
21,447 13 
S43 82 
1,408 71 



2,298 76 
3,926 08 

362 29 
82,723 08 

508 06 
1,380 00 
3,742 28 

3,990 11 

15,861 96 
1,889 97 

6,504 09 

9,495 92 

4,679 92 

667 44 

12,601 S3 
9,249 09 

367 5S 
570 13 
<m so 



$973 42 



710 16 
123 17 
626 60 
83 33 
35 41 

1,407 68 

3,716 50 

101 15 

60,610 72 

8,357 51 

57 12 

128 50 

3,984 78 

2,672 36 

100,000 00 

330 42 

4,467 61 
1,482 29 
3,816 59 

2S 25 
332 59 

277 88 

1,922 15 
4 50 



715 32 
20,054 93 
1,500 00 

448 64 
1,789 74 

61,519 23 

347 37 

162 50 

1,464 00 
11,691 91 

24,223 92 

1,454 70 

46 16 

391 17 

36 00 
2,032 95 
4,706 43 

46,605 02 
2,886 46 

59,543 17 



9,563 16 
562 62 

183 16 

2,699 30 

6,03S 75 

35,792 32 

1,773 07 

330 50 
2,082 65 
7,729 59 
1,346 43 

65,771 76 

92 54 

13,680 96 

642 01 

6,819 24 

114 03 
25,784 30 

1,103 91 
639 84 
757 14 
943 24 
571 10 
3,361 54 
11,51S 25 



S94 40 
838 07 



Total Amount of 
Assets. 



§815,043 50 

512.402 91 
1,464,297 32 

617,284 40 
25,822 51 
800,554 39 
267,202 05 
309,180 99 

210.403 95 
229,991 05 

1,675,358 78 
497,039 90 

9,017,480 2S 
833,525 00 
72,957 41 
176,322 70 
246,243 9S 

2,874,626 09 

1,115,726 64 
39,105 05 

98,135 01 

1,922,324 17 

1,711,269 11 

331,463 22 

927,842 85 

372,051 66 

1,029,497 95 

3,001,765 02 

1,027,171 31 

31,144 07 

424,744 15 

1,817,043 11 

9S5,37S 63 

3.250.334 11 
616,971 18 
338,719 72 
121,565 36 
985,506 65 

1,228,269 03 
1,966,832 26 

121,596 65 

814,639 16 

217,172 24 

110,459 52 

1,052,489 90 

2,026,464 79 

3,030,450 34 

998,638 92 

1,253,390 58 

5,753,021 36 

2,004,226 92 
90,412 56 
190,644 30 

1.082.335 22 
3,650,860 73 
2,747,240 43 

003,540 26 
150,7S9 57 
127,823 90 
S49,175 33 

363,210 73 

37,391 25 

1,477,876 70 

474,367 43 
2,766,870 49 

213,137 62 
1,609, 76S 80 
1,051,552 04 
3,291,S9S 79 

116,344 19 

227,913 5S 

286,877 7S 

203,019 14 

46,786 06 

2,3S7,491 SS 

4,191,633 69 

135.237 81 
474,766 22 
455,976 24 

287.238 S5 

528,079 49 

2,502,425 60 

2,593,405 22 

1,388,887 96 

1,692,148 70 

294,537 06 

181,070 IS 

595,520 18 

278,851 S7 

1,844,584 12 



311,010 60 91 
16S.2S4 27 92 
55.197 67 93 



91 
92 
93 
94 


Medford Savings Bank, . 

Medway Savings Bank, . 

Melrose Savings Bank, 

Merrlmac Savings Bank, Merrimac, . 

Merrimack River Savings B'k, Lowell, 

Mfddleborougli Savings Bank, . 

Middlesex Inst, for Savings, Concord, 

Milford Savings Bank, 

Millbnrv Savings Bank, . 

Miners'" Savings B'k, W. Stockbridge, 


dUU.SIQl oa 

162,447 10 
53,042 01 
135.63S 25 
297,401 51 
227,149 63 
904,079 58 
606,602 82 
427,807 61 
32,933 56 


4,145 30 
1,316 42 
1,935 90 
0,970 40 
5,52S 51 

24,255 01 
2,126 31 

10,538 69 
43S 96 


1,691 87 

239 24 

865 29 

1,586 60 

1,025 00 

5,104 00 

3,954 94 

2,200 00 

200 00 


1,871 20 
2,000 00 


168,284 27 
55,197 67 
138,439 44 
305,958 51 
235,574 34 
994,038 59 
612.6S4 07 
442,540 30 
33,572 52 


16,540 00 
7,000 00 


2,246 00 


19JS42 50 

300 00 
27,419 12 


300 00 
15,000 00 


8,500 00 

5,112 50 
140,000 00 


: 


13.1S3 13 
8,753 88 

26,200 00 

3,000 00 
32,780 22 


194,125 00 
122,639 12 
34,250 00 
60,140 00 
208,754 13 
148,101 10 
392,218 80 
287,599 54 
230,725 00 
22,850 00 


16,950 00 

13,872 97 

160 00 

56,801 20 

9,430 70 

46,404 03 

102,750 00 

9,000 00 

800 00 

1,575 00 


15,000 00 

1,500 00 

3,000 00 
6,000 00 
56,000 00 
77,500 00 
20,000 00 
1,894 84 


13,896 29 
1,411 21 
2,273 71 
3,400 00 
8,496 83 

14,766 66 


307 58 

570 13 

235 89 

1,052 24 

657 73 

633 80 

13,176 24 

31,337 57 

1,507 72 

1,877 68 


894 46 
238 07 

793 55 
14,653 58 


311,010 50 
168,284 27 

55,197 67 
138,439 14 
805,868 51 
235,574 34 
994,038 59 
612,684 07 
442,546 30 

33,572 52 


91 
92 
93 
94 


95 

96 
97 
93 
99 

100 


10,956 25 
25,000 00 
43,310 00 
47,500 00 


2,250 00 


8,540 00 
261,100 00 
111,443 74 
125,300 00 

5,375 00 


17,403 00 
2,000 00 


95 
96 
97 
93 
99 
100 


101 

102 2 

103 

104 

105 

106 

107' 

10S 

109 

110 


Monson Savings Bank, 
Nantucket Institution for Savings, . 
Natick Five Cents Savings Bank, . 
Needham Savings Bank, . 
New Bedford Five Cts. Savings B'k, 
New Bedford Institution for Savings, 
Newburyport five Cts. Savings B'k, 
Newton Savings Bank, 
Northampton Institution for Savings, 
North Adams Savings Bank, . 


367,029 64 

570,183 58 

425,249 32 

23,332 17 

2,154,933 35 

8,957,410 48 

1,060,910 23 

631,763 68 

1,736,689 44 

683,043 41 


3,804 51 
2,021 93 
11,252 7S 
533 42 
54,240 19 
27,524 05 
20,011 41 
16,656 52 
26,005 19 
14,000 00 


2,350 00 
3,318 91 
2,398 29 
218 96 
18,S22 18 
84,000 00 
5,019 10 
4,000 00 
12,000 00 
4,000 00 


9,222 79 


373,184 15 

675,524 42 

438,000 39 

24,084 55 

2,227,995 72 

9,068,934 53 

1,085,940 74 

652,420 20 

1,774,694 63 

710,266 20 


35,175 00 

1,226,500 00 
2,939,050 00 
157,000 00 
102,921 56 
346,398 00 
56,141 17 


1,000 00 
200 00 

4,955 00 
4,000 00 
300 00 
2,444 00 
1,500 00 


41,896 75 
115,700 00 
45,120 50 
1,735 00 
144,500 00 
1,428,800 00 
102,200 00 
25,975 90 
46,300 00 
44,844 52 


18,750 00 
900 00 

319 92 

42,720 00 

1,350 00 

23,093 70 
3,300 00 


4,144 65 

161,000 00 
786,250 00 
5,000 00 
54,935 00 
361,875 00 


21,802 57 

52,750 00 
200 00 


187,895 00 
88,423 53 
2,500 00 

57,179 37 
289,722 15 
64,723 29 
34,926 68 
26,874 88 


7,945 00 
311,625 25 
323,044 47 
17,900 00 
286,927 00 
515,565 00 
420,417 22 
323,889 44 
677,902 39 
448,230 SO 


4,000 00 
44,950 59 
43,910 00 
3,835 00 
351,856 40 
2,871,949 96 
50,183 00 
57,400 00 
137,683 66 
108,786 39 


68,930 00 

81,352 72 
2,000 00 


32,000 00 
7,753 67 
22,266 39 
72 21 
41,430 23 
278,502 33 
54,649 24 
19,078 07 


18,575 18 
5,365 24 
1,475 04 
22 98 
7,462 17 

21,663 87 
1,060 80 
3,087 31 

62,718 48 
2,952 93 


606 14 
583 99 
519 36 
8,000 00 
619 00 
158 33 
109 63 

15,635 51 


373.1S4 15 

575,524 42 

438,900 39 

24,084 55 

2,227,995 72 

9,068,934 53 

1,085,940 74 

652,420 20 

1,774,694 63 

710,266 20 


101 
102 
103 
104 
105 
106 
107 
108 
109 
110 


111 
112 


N. Avenue Savings B'k, Cambridge, 
North Rronl;fiel<] Savings Bank. 


69,268 73 
277,769 21 


1,145 57 
10,578 35 


481 47 
2,851 82 


28 20 


70,895 77 
291,227 58 


52,500 00 


_ 


6,738 00 
11,500 00 


- 


84,000 00 


- 


823 33 


49,675 00 
135,009 37 


6,500 00 


- 


6,608 96 


256 51 

1,030 91 

635 04 

506 81 


1,117 30 

187 85 

18,777 11 

913 85 

380 40 

244,283 69 

860 75 


70,895 77 


111 


113 North Easton Savings Bank, . 
114 2 North End Savings Bank, Boston, . 
115 Oranere Savings Bank. 


249,842 40 
523,391 41 
165,092 32 


11,374 11 

22,86S 73 

647 94 


2,325 00 
3,150 00 
1,125 00 


4,189 17 
11 42 


263,541 51 
553,599 31 
166,876 68 


20,560 00 

40,117 50 

2,775 00 


400 00 


125,704 02 
43,184 04 
42,043 87 


400 00 
4S0 00 


20,212 50 


= 


21,676 83 

45,112 15 

858 55 


82,130 00 
361,089 20 
73,303 00 


7,947 30 
23,481 00 


- 


4,488 32 
24,500 00 
22,561 41 

9,000 00 
59,339 15 


291,227 58 
263,541 51 
553,599 31 


112 
113 

114 


116 


Palmer Savings Bank, 


374,271 34 


4,607 86 


1,725 00 


- 


380,604 20 


66,350 00 


1,000 00 


29,175 00 


6,398 00 


9,640 00 


- 


5,082 28 


215,005 00 


33,235 00 


4,700 00 


638 52 


166,876 68 
380,604 20 

3,511,275 55 
502,749 15 

2,177,S00 14 
18,754,796 59 


115 


117 
118 


People's Savings Bank, Worcester, . 
Plymouth Five Cents Savings Bank, 


3,243,813 34 
48S.301 02 


32,8S1 02 
9,608 10 


28,778 61 
2,621 92 


205,802 5S 
2,218 11 


3,511,275 55 
502,749 15 


159,500 00 
129,700 00 


300 00 


780,400 00 
25,200 00 


2,000 00 
2,800 00 


214,500 00 
22,000 00 


- 


93,596 21 
16,805 48 


1,758,300 13 
260,875 10 


172,430 00 
22,840 00 


4,000 00 


16,S66 37 
21,367 82 
3S,829 73 
15,109 33 


116 
117 


119 


Plymouth Savings Bank, . 


2,057,0S6 62 


100,297 55 


20,000 00 


415 97 


2,177,800 14 


421,721 25 


4,500 00 


432,523 00 


10,975 00 


130,355 00 


16,625 00 


27,146 37 


0S0,200 00 


187,924 79 


227,000 00 




118 
119 
120 


120 


Provident Inst, for Savings, Boston, 


18,647,754 95 


46,63S 79 


50,000 00 


10,402 85 


18,754,796 59 


2,200,000 00 


966,000 00 


1,095,000 00 


24,000 00 


5S4,000 00 


- 


135,259 43 


6,881,612 00 


4,542,429 10 


1,196,800 00 


953,761 35 


160.S25 38 


121 
122 
123 


Prov. Inst. Sav. , Salisb'y <fe Amesb'y, 
Quincy Savings Bank, 
Randolph Savings Bank, . 


1,240,514 92 

1,066,840 82 

716,541 01 


46,S84 44 
15,154 31 
16,277 08 


13,279 72 
8,500 00 
7,963 24 


- 


1,300,079 08 

1,090,495 13 

740,7S1 33 


566,500 00 
145,000 00 
101,000 00 


1,000 00 

2,500 00 

300 00 


142,325 00 
94,059 49 
200.45S 61 


* 2,600 00 


62,000 00 
110,000 00 


4,000 00 
500 00 


8,168 04 
57,900 00 
11,551 83 


245,650 00 
672,905 03 
187,350 00 


146,400 00 
42,219 31 
14,600 00 


103,000 00 
34,000 00 


17,900 21 
12,212 62 
19,680 83 


2,756 21 

2,695 69 

972 14 


979 62 

58,402 99 

367 92 


1,300,679 08 

1,090,495 13 

740,781 33 

162,849 06 

337,425 00 

2,139,998 28 

6,044,536 03 

139,644 73 

516,994 62 


121 
122 
123 
124 
125 
126 
127 
123 
129 
130 


124 


Reading Savings Bank, . 


148,459 24 


6,801 32 


1,588 50 


6,000 00 


162,S49 06 


1,000 00 


- 


13,800 00 


- 


- 


- 


- 


111,957 00 


24,077 48 


2,901 91 




1,748 72 
425 50 


7,363 95 
1,264 48 


125 


Rockland Savings Bank, . 


333,233 05 


2,191 95 


2,000 00 


- 


337,425 00 


- 


- 


74,203 22 


2,750 00 


- 


- 


7,000 00 


206,744 62 


24,860 12 


13,500 00 


6,677 06 


120 


Salem Five Cents Savings Bank, 


2,075,997 20 


40,001 OS 


24,000 00 


- 


2,139,998 28 


399,200 00 


5,300 00 


567.28S 16 


- 


- 


- 


57,113 62 


946,026 00 


4,200 00 


90,000 00 


69,000 00 


1,870 50 


127 


Salem Savings Bank, 


5,928,513 22 


27,022 SI 


89,000 00 


- 


6,044,536 03 


2,919,S00 00 


7,000 00 


560,550 00 


- 


- 


- 


152,741 00 


1,037,120 09 


745,600 00 


423,100 00 


155,000 00 


43,624 94 




128 


Scituate Savings Bank, 


130,233 58 


1,853 25 


746 S2 


6,811 OS 


139,644 73 


- 


- ' 


7,350 00 


- 


- 


- 


2S,453 54 


81,540 50 


8,306 90 


6,570 00 




95S S5 


6,404 94 


129- 


Seamen's Savings Bank, . 


505,351 92 


4,537 OS 


3,105 62 


4,000 00 


516,994 62 


15,115 50 


- 


15S.851 4S 


1,000 00 


28,850 00 


- 


58,285 19 


74.49S 75 


70.31S 79 


105,669 42 


5S 14 


1,723 86 


2,623 49 


130 


Shelburne Falls Savings Bank, 


645,508 52 


10,734 05 


6,000 00 


- 


668,242 57 


100,000 00 


- 


64,000 00 


6,500 00 


~ 


- 


6,800 00 


379,283 96 


95,473 67 


8,000 00 


5,000 00 


3,179 94 




6681242 57 


131 


South Adams Savings Bank, . 


315,815 92 


6,57S 88 


2,600 00 


_ 


324,994 80 


39,000 00 


- 


34,750 00 


- 


- 


- 


_ 


156,495 00 


77,688 66 


_ 


11,830 29 




5,230 85 


324,994 SO 
932,609 87 


131 


132 


Southbridge Savings Bank, 


910,156 31 


17,853 56 


4,600 00 


- 


932,000 87 


414,000 00 


27,950 00 


42,090 00 


1,500 00 


50,000 00 


- 


- 


278,550 00 


61,100 00 


11,000 00 


33,000 00 


2,312 13 


11,107 74 


132 


133 2 


South Boston Savings Bank, . 


1,41S,667 80 


10,929 6S 


15,000 00 


- 


1,444,597 48 


25S.205 75 


- 


78,700 00 


- 


17,717 50 


- 


143,336 13 


824,643 50 


21,755 00 


- 


94,229 33 


3,666 67 


2,343 60 


1,444,597 4S 
435,527 75 


133 


1:54 


South Scituate Savings Bank, . 


42S.714 42 


4,597 33 


2,216 00 


- 


435,527 75 


11,700 00 


- 


56,900 00 


1,400 00 


4,460 00 


- 


35,329 57 


274,066 04 


27,927 75 


11,637 00 




12,107 39 




134 


135 


South Weymouth Savings Bank, . 


337,415 21 


11,020 09 


2,000 00 


- 


350,435 30 


- 


- 


160,009 00 


- 


- 


- 


1S.000 00 


144,991 20 


27,070 00 


- 


365 10 


_ 


_ 


350,435 30 


135 


136 


Spencer Savings Bank, 


204,174 44 


3,966 11 


925 00 


- 


209,065 55 


26,325 00 


- 


30,757 87 


- 


5,043 75 


- 


- 


100,660 00 


1,600 00 


29,000 00 


335 55 


15,343 38 


_ 


209,065 55 


136 


137 


Springfield Five Cents Savings B'k, 


1,176,668 30 


- 


6,400 00 


- 


1,183,068 30 


157,000 00 


500 00 


57,100 00 


1,800 00 


- 


- 


179,317 00 


682,150 00 


58,500 00 


- 


_ 


41,881 30 


4,820 00 


1,1S3,06S 30 


137 


138 


Springfield Institution for Savings, . 


0,047,644 75 


50,733 92 


38,000 00 


- 


6,136,380 67 


1,909,250 00 


17,150 00 


570,400 00 


91,100 00 


203,000 00 


2,400 00 


176,450 00 


2,409,200 00 


15S,450 00 


375,600 00 


11,221 22 


72,390 83 


73,768 62 


6,136,380 67 


138 


139 


Stockbridge Savings Bank, 


43,178 97 


241 73 


258 11 


3,500 00 


47,178 81 


5,145 00 


200 00 


2,970 00 


- 


— 


- 


- 


33,537 15 


4,837 00 


- 


_ 


4S9 66 


_ 


47,178 81 


139 


140 


Stoneham Savings Bank, . 


239,773 90 


13,354 18 


2.3S3 00 


4,226 34 


259,737 48 


34,500 00 


- 


- 


- 


5,000 00 


- 


1,378 00 


173,053 47 


3,300 00 


18,000 00 


20.S46 10 


343 52 


3,316 39 


259,737 48 


140 


141 


Suffolk Savings Bank, 


10,000,084 13 


232,696 81 


62,397 28 


4,621 88 


10,299,800 10 


1,530,500 00 


18,000 00 


445,125 00 


2,000 00 


237,500 00 


_ 


19S.070 59 


4,613,174 75 


2,752,500 00 


_ 


414,771 40 


55,064 70 


33,093 66 


10,299,800 10 


141 


4421 


Taunton Savings Bank, . 


1,341,458 13 


98,376 67 


7,400 00 


2,408 49 


1,449,643 29 


237,003 12 


300 00 


79,208 12 


100 00 


10,000 00 


175 00 


207,429 65 


683,923 46 


212,994 60 


12,500 00 


_ 


1,771 75 


4,237 59 


1,449,643 29 


142 


143 


Templeton Savings Bank, 


64,471 15 


187 63 


523 77 


- 


65,182 55 


- 


- 


3,000 00 


1,700 00 


- 


- 


- 


40,385 00 


13,684 00 


- 


- 


6,413 55 


_ 


65.1S2 55 


143 


144 


Union Inst, for Savings, Boston, 


3,088,843 22 


13,032 20 


25,000 00 


34,176 29 


3,161,051 71 


627,006 75 


- 


- 


- 


- 


- 


665,570 72 


1,561,780 00 


89,002 00 


- 


27,023 38 


8,168 86 


182,500 00 


3,161,051 71 


144 


1J5 2 


Union Savings Bank, Fall River, 


595,809 21 


23,252 83 


3,600 00 


- 


622,662 04 


10,000 00 


- 


36,575 00 


- 


- 


- 


38,000 00 


306,154 00 


227,113 00 


- 


- 


4,820 04 


- 


622,662 04 


145 


146 


Uxbridge Savings Bank, . 


301,319 10 


6,561 71 


1,680 00 


- 


309,560 81 


- 


- 


126,281 45 


- 


- 


- 


19,380 48 


131,972 00 


26,973 00 


- 


953 45 


- 


4,000 43 


309,560 SI 


146 


147 


Wakefield Savings Bank, . 


71,343 88 


- 


385 88 


- 


71,729 76 


- 


- 


- 


- 


- 


4,090 00 


7,490 31 


47,685 05 


2,050 00 


7,815 00 


- 


2,378 90 


214 50 


71,729 76 


147 


148 


Wales Savings Bank, 


19,325 48 


1,052 48 


105 00 


- 


20,482 96 


- 


- 


5,690 00 


- 


- 


- 


- 


12,072 00 


1,714 63 


298 60 


- 


405 99 


241 74 


20,482 96 


148 


149 


Waltham Savings Bank, . 


1,036,261 08 


19,832 98 


14,140 00 


- 


1,070,234 06 


155,000 00 


- 


93,975 00 


- 


59,900 00 


- 


4,600 00 


688,751 56 


16,826 53 


- 


41,000 00 


10,180 97 


- 


1,070,2:34 06 


149 


150 


Ware Savings Bank, 


1,565,217 29 


38,026 14 


9,881 09 


- 


1,613,124 52 


330,000 00 


1,650 00 


290,500 00 


11,300 00 


238,000 00 


- 


- 


477,266 22 


194,756 17 


60,000 00 


- 


5,575 98 


4,076 15 


1,613,124 52 


150 


151 


Wareham Savings Bank, . 


464,643 02 


8,839 79 


3,100 00 


26,144 82 


502,727 63 


_ 


- 


17S.029 56 


_ 


_ 


_ 


20,096 21 


278,459 33 


25,312 68 


_ 


_ 


_ 


829 85 


502,727 63 


151 


152 


Warren Five Cts. Sav. B'k, Peabody, 


1,279,515 02 


38.15S 74 


6,595 00 


- 


1,324,268 76 


67,000 00 


- 


129,584 00 


150 00 


24,675 00 


- 


112,097 59 


519,045 00 


45,150 00 


397,035 00 


28,932 17 


- 


- 


1,324,268 76 


152 


153 


Warren Inst, for Savings, Boston, . 


3,585,556 03 


110,94S 31 


42,000 00 


- 


3,738,504 34 


389,169 97 


600 00 


152,925 00 


10,100 00 


200,000 00 


- 


89,200 00 


2,246,365 00 


414,800 00 


28,500 00 


183,838 27 


15,926 06 


7,080 04 


3,738,504 34 


153 


154 


Watertown Savings Bank, 


141,125 04 


1,507 25 


920 00 


- 


143,552 29 


15,695 00 


- 


9,823 50 


1,927 00 


6,614 00 


- 


- 


85,775 00 


- 


6,293 00 


16,000 00 


913 06 


511 73 


143,552 29 


154 


155 


Webster Five Cents Savings Bank, . 


264,031 20 


1,388 74 


1,326 12 


- 


266,746 06 


- 


- 


45,626 50 


1,200 00 


- 


- 


4,400 00 


188,285 00 


16.72S 00 


8,000 00 


1,557 43 


630 2S 


318 85 


266,746 06 


155 


156- 


Wellfleet Savings Bank, . 
Westborough Savings Bank, . 


395,872 3S 
332,759 5S 


13,017 65 

2,210 77 


3,964 69 
2,080 00 


1,331 55 
206 94 


414.1S6 27 
337,257 29 


- 


- 


266,063 93 
48,300 00 


1 


3,000 00 


_ 


5,502 84 
5,531 25 


110,76S 00 
219,905 00 


17,626 41 
37,240 00 


600 00 
9,000 00 


12,402 50 


1,222 59 
11,591 04 


2,690 00 


414,186 27 


156 


157 


337,257 29 


157 


158 


Westfield Savings Bank, . 


679,785 91 


23,172 4S 


3,544 31 


364 47 


706,867 17 


66,500 00 


- 


48,600 00 


10,215 60 


- 


- 


13,300 00 


421,815 55 


126,499 29 


- 


- 


3,736 46 


16,200 27 


706,867 17 158 


159 


Weymouth Savings Bank, 


831,963 70 


14,194 14 


4,000 00 


- 


850,157 84 


20,200 00 


- 


74,200 00 


- 


- 


- 


90,473 00 


409,127 00 


181,305 50 


- 


9,861 50 


3,398 92 


1,591 92 


850,157 84 


159 


160 


Whilinsville Savings Bank, 


166,659 06 


4,096 93 


674 44 


- 


171,430 43 


- 


- 


63,144 71 


- 


5,200 00 


- 


- 


51,787 59 


22,401 65 


9,770 00 


18,565 98 


- 


560 50 


171,430 43 


160 


161 


Winchendon Savings Bank, 


532,645 81 


10,040 58 


5,581 70 


_ 


548,268 09 


8,000 00 


_ 


87,100 00 


9,479 50 


15,000 00 


_ 


_ 


269,309 65 


122,005 SI 


_ 


_ 


23,025 01 


14,348 12 


548,268 09 


161 


162 


Winchester Savings Bank, 


129,235 86 


1,483 29 


961 59 


- 


131,680 74 


_ 


- 


2,000 00 


- 


7,531 25 


- 


- 


80,312 66 


6,162 00 


34,665 00 


856 70 


153 13 


- 


131,680 74 162 


163 1 


Woburn Savings Bank, . 


458,417 27 


28,744 33 


1,283 25 


- 


488,444 85 


54,308 25 


300 00 


199,429 08 


- 


- 


- 


12,797 10 


179,477 16 


5,550 00 


3,000 00 


- 


24,092 2S 


9,490 98 


488,444 85 


163 


164 


Worcester County Inst, for Savings, 


6,723,094 00 


186,032 7S 


50,000 00 


- 


6,959,126 78 


1,413,000 00 


2,400 00 


797,250 00 


2,100 00 


689,000 00 


- 


84,1S7 87 


2,903,543 6S 


66,423 75 


663,900 00 


115,000 00 


17,198 07 


205,123 41 


6,959,126 78 


164 


165 


Worcester Five Cents Savings Bank, 


1,861,067 30 


11,405 58 


10,000 00 


- 


1,882,472 88 


429,500 00 


3,000 00 


177,100 00 


2,425 00 


29,000 00 


- 


18,225 00 


9S5,025 00 


10,600 00 


136,200 00 


55,863 24 


3,220 40 


32,314 24 


1,882,472 SS 


165 


166 


Worcester Mechanics' Savings B'k, 


2,847,616 92 


33,653 60 


17,206 00 


- 


2,898,476 52 


579,300 00 


1,000 00 


269,900 00 


1,900 00 


72,500 00 


10,000 00 


58,389 20 


1,562,072 39 


137,947 11 


51,000 00 


88,793 99 


12,271 42 


53,402 41 


2,89S,476 52 


166 


167 


Worcester North Savings Institution, 


1,334,745 94 


16,983 31 


11,445 59 


_ 


1,363,174 84 


229,298 53 


- 


82,626 75 


25,300 00 


35,146 00 


- 


9,047 00 


714,213 05 


224,120 83 


25,000 00 


16,000 00 


1,753 13 


669 55 


1,363,174 84 


167 


168 


Woronoco Savings Bank, Westfield, 


592,797 07 


5,642 31 


2,767 37 


- 


601,206 75 


122,916 09 


4,973 69 


3,760 00 


800 00 


~ 


~ 


1,900 00 


339,790 00 


91,965 00 


18,500 00 


- 


399 61 


16,202 36 


601,206 75 


168 




Total of IRS Banks doing business, 


$209,860,631 18 


$4,349,3S9 74 


$1,524,196 65 


$520,489 81 


$216,254,707 38 


$33,295,637 19 


$1,482,788 69 


$24,408,027 64 


$847,096 34 


$7,225,991 04 


$117,212 57 


$8,292,327 56 


$96,505,409 74 


$25,624,124 83 


$8,433,935 17 


$6,916,862 43 


$1,247,360 59 


$1,857,933 59 


$216,254,707 3S 





Barnstable Savings Bank, 
Dorchester Savings Bank, 
Hyannis Savings Bank, . 
Lancaster Savings Bank, . 
Lexington Savings Bank, 
Mechanics' Savings Bank, Boston, 
Mercantile Savings Inst, of Boston, 
North Bridgewater Savings Bank, 
Rockport Savings Bank, . 
Sandwich Savings Bank, . 
West Boston Savings Bank, 



Total of 11 Banks being wound up, 



Totals of 179 Banks, 



$1,075,579 8S 

229,651 97 

524,617 05 

535,635 17 

95,222 52 

258,718 67 

2,639,186 62 

278,712 83 

166,459 68 

76,S98 09 

1,381,718 14 



$7,262,400 62 



$217,123,031 



$9,467 
3,077 



4,970 
5,090 



12,688 88 
122,461 83 



157,757 44 



$4,507,147 IS 



$3,476 03 
1,500 00 
1,500 00 

1,017 28 



1,400 00 
2.6S7 50 



$11,580 SI 



$1,535,777 46 



$241,699 51 
52,979 09 



5,484 24 
7,0S2 25 



$307,245 09 



$827,734 90 



$1,079,055 
240,619 
529,194 
535,635 
101,209 
263,809 

2,SS0,886 
331,691 
180,548 
82,382 

1,513,949 



$7,738,983 96 



$223,993,691 34 



BANKS IN THE HANDS OF RECEIVERS. 



$17, 



866 25 
020 00 
000 00 



$30,886 25 



$33,326,523 44 3 



$1,482,788 69 



$122,870 51 
95,052 01 



7,600 00 
26,473 74 
5,859 80 

192,216 69 



$450,072 75 



$24,858,100 39 



$1,000 00 
3,895 00 



400 00 
300 00 



$5,595 00 



$852,691 34 



$16,006 25 
31,500 00 



$47,506 25 



$7,273,497 29 



$117,212 57 



$177,387 00 

58,877 25 

101,532 66 

34,200 00 

7,667 63 

47,067 54 

844,370 67 

5,000 00 

38,144 14 

16,800 00 

503,313 90 



$1,834,360 79 



$10,126,688 35* 



141,384 
154,236 
244,000 
59,650 
72,49S 
1,540,027 
119,677 
98,677 
49,008 
512,282 



3,479,S35 70 



9,985,245 44 



$137,217 68 
2,728 45 
98,397 86 
38,400 00 
22,250 00 

33,542 09 
67,902 37 
2,343 00 
10,671 17 
66,649 10 



$4S0,101 72 



$26,104,226 55 



$10,650 00 



$10,650 00 



$8,444,5S5 17 



$121,781 46 
9,714 68 
57,187 82 

6,807 16 
92,228 65 
340,615 05 
9,628 59 
10,394 72 
2,632 56 
232,901 00 



$S83,891 69 



$7,800,754 12 



$16,742 14 

965 66 

263 72 

84,420 29 

10 40 

4,548 12 

2,870 10 

1,531 86 

24,729 21 

1,093 89 

1,640 77 



$138,816 16 



$1,386,176 75 



$13,664 11 


$1,079,055 


293 52 


240,619 


762 82 


529,194 


103,114 88 


535,635 


804 70 


101,209 


47,467 28 


263,809 


102.S00 67 


2,S80,S86 


101,477 70 


331,691 


- 


180,54S 


2,176 21 


82.3S2 


4,645 76 


1,513,949 



$377,267 65 



$2,235,201 24 



S7,738,9S3 96 



$223,993,691 34 



1\-;;, ]> >rarlly enjoined. 



Payments of deposits limited. 



; Amount invested in United-States bonds, $18,003,057.50. Amount invested in State, County, City, and Town bonds, $15,263,465.94. 



Including $7,401), 705. 3i, estates acquired by foreclosure of mortgages, of which amount $1,615,106.96 is in Bunks in the hands of Ucccivci- 



160 
170 
171 
172 
173 
174 
175 
170 
177 
178 
170 



1879.] PUBLIC DOCUMENT — No. 8. 343 

Number and amount of deposits of and exceeding $300 

at any one time for the previous year, . . . . 21,150 $11,854,876 45 
Number and amount of withdrawals, .... 503,697 58,254,071 27 
Number of accounts opened during the previous year, . 64,086 
Number of accounts closed duriDg the previous year, . 111,966 
Amount of expenses of corporations during previous year, . 606,550 23 



344 



BANK COMMISSIONERS' REPORT. [Jan. '79. 



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BANKS IN THE HANDS OF KECEIYEES. 



44 



Jan. 1879.] PUBLIC DOCUMENT — No. 8. 



347 



BARNSTABLE SAYINGS BANK i — BARNSTABLE. 

Incorporated Jan. 29, 1831. 

Gustavus A. Hinckley, Samuel, Snow, Receivers. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,075,579 88 


Bank stock, .... 


$122,870 51 


Guaranty fund, . 


3,476 03 


Loans on bank stock, 


1,000 00 






Real estate, .... 


4,000 00 






Real estate by foreclosure, 


173,387 00 






Loans on real estate, 


488,393 01 






Loans on personal security, . 


137,217 68 






Deposit in banks on interest, . 


121,781 46 






Expense account, 


651 07 






Suspense account, . 


619 30 






Profit and loss, 


4,393 74 






East Cambridge Co. stock, 


8,000 00 






Casb on hand, .... 


16,742 14 




$1,079,055 91 


$1,079,055 91 



Number of open accounts, 

Amount of receivers' bonds, each, . 

Date of examination by commissioner : April 27. 



3,246 



$30,000 00 



1 Temporarily enjoined by a decree of the Supreme Judicial Court Sept. 28, 1877; perpetu- 
ally enjoined May 23, 1878. A dividend of twenty-five per cent, of deposits was ordered by 
decree of Supreme Judicial Court Oct. 15. 



DORCHESTER SAVINGS BANK i— BOSTON. 

Incorporated 1858. 

Richard C. Humphreys, J. Frank Pope, Receivers. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$229,651 97 


Railroad bonds, 


$16,006 25 


Earnings, undivided, 


9,467 95 


Real estate, .... 


6,000 00 


Guaranty fund, 


1,500 00 


Real estate by foreclosure, 


52,877 25 






Loans on real estate, 


141,384 11 






Loans on personal security, . 


2,728 45 


* 




Loans to counties, cities, or 






towns, ..... 


10,650 00 






Deposits in banks on interest, 


9,714 68 






Taxes paid on real estate in 








possession, .... 


293 52 






Cash on hand, .... 


965 66 




$240,619 92 


$240,619 92 



Number of open accounts, 

Amount of receiver's bonds, each, 

Date of examination by commissioner : Feb. 21. 



1,478 



$20,000 00 



1 Perpetually enjoined by decree of tbe Supreme Judicial Court Feb. 26, 1878. Two dividends 
of twenty -five per cent, each of deposits were ordered by decree of Supreme Judicial Court 
March 25 and Oct. 7, 1878. 



348 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HYANNIS SAYINGS BANK i— HYANNIS. 

Incorporated April, 1868. 
Joseph R. Hall, Frank Thacher, Receivers. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$524,617 05 
3,077 77 
1,500 00 


Public funds, 
Bank stock, 
Loans on bank stock, 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, 
Deposits in bank on interest, 
Suspense account, . 
Cash on hand, . . 




$17,866 25 

95,052 01 

3,895 00 

101,532 66 

154,236 68 

98,397 86 

57,187 82 

762 82 

263 72 




$529,194 82 






$529,194 82 



Number of open accounts, 

Amount of receivers' bonds, each, 

Date of examination by commissioner : Aug. 13. 



1,572 



$20,000 00 



1 Temporarily enjoined by a decree of the Supreme Judicial Court Oct. 2, 1877 ; perpetually 
enjoined Sept. 11, 1878. The Supreme Judicial Court decreed the payment of a dividend of 
twenty-five per cent. Jan. 8, 1879. 



LANCASTER SAYINGS BANK i — LANCASTER. 

Incorporated 1845. 

William H. McNeil, Elisha Brimhall, Benjamin Snow, Receivers. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits. . 
Dividends unpaid, 2 . 


$451,417 50 
84,217 67 


Railroad bonds, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, . 

Profit and loss, .... 

Cash on hand, .... 


$31,500 00 
34,200 00 

2114,000 00 
38,400 00 

103,114 88 
84,420 29 




$535,635 17 


$535,635 17 



Number of open accounts, 

Amount of receivers' bonds, each, 

Date of examination by commissioner: Dec. 21. 



2,397 



$30,000 00 



1 Perpetually enjoined by decree of Supreme Judicial Court Dec. 30, 1875. 

2 Dividends of deposits ordered and decreed by the Supreme Judicial Court: June 10, 1876, 
33J per cent.; Nov. 19, 1877, 10 per cent.; Oct. 29, 1878, 10 per cent. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



349 



LEXINGTON SAYINGS BANK i — LEXINGTON. 
Incorporated March, 1871. George W. Robinson, Receiver. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 
Guaranty fund, 


$95,222 52 
4,970 09 
1,017 28 


Public funds, .... 
Real estate, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Deposit in banks on interest, . 
Expense account, . . 
Profit and loss, .... 
Cash on hand and in bank, 


$4,020 00 

431 89 

7,235 74 

59,650 00 

22,250 00 

6,807 16 

80 07 

724 63 

10 40 




$101,209 89 


$101,209 89 



Amount of receiver's bonds, .... 
Date of examination by commissioner: Oct. 10. 



$20,000 00 



1 Perpetually enjoined by decree of Supreme Judicial Court Oct. 14, 1878. A dividend of 
twenty-five per cent, of deposits was ordered by decree of Supreme Judicial Court Jan. 5, 1879. 



MERCANTILE SAVINGS INSTITUTION i — BOSTON. 

Incorporated 1861. 

Alvah A. Burrage, Henry G. Ceowell, Alphonso J. Robinson, Receivers. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, 


$2,639,186 62 


Public funds, .... 


$9,000 00 


Capital stock, 


205,200 00 


East Cambridge Land Co., 


4,250 00 


Balance first divi- 




Bank stock, .... 


7,600 00 


dend, . 


20,552 57 


Rent account, balance due for 




Excess from sales 




back rent, .... 


500 86 


of mortgage of 




Notes receivable, 2 


45,865 09 


estates, 


150 17 


Suspense account, 


959 65 


Summer-st. lease 




Real estate, bank building, 3 . 


174,621 94 


account, 


13,652 38 


Real estate by foreclosure, 


669,748 73 


Unpaid dividends 




Loans on real estate, 


1,540,027 55 


on capital stock, 


1,793 79 


Loans on personal security, . 


33,542 09 


Unknown account, 


350 60 


Deposit in banks on interest, . 
Expenses on mort- 
gaged estates, . $62,981 57 
Less rents, . . 41,349 71 


340,615 05 
21,631 86 










Pianos taken for rent, 


3,971 95 






Cash on hand, .... 


2,870 10 






Deficit, 


25,681 26 




$2,880,886 13 


$2,880,886 13 



1 Perpetually enjoined by decree of Supreme Judicial Court Feb. 5, 1878. 

2 Notes receivable are balances due on mortgage-notes after sale of estates at auction, and are 
of little or no value. 

3 Mortgaged for $94,000. Bonds of counties and cities of the States of Illinois and Kansas, 
amounting at par value to $102,000, were holden to secure the payment of the mortgage. 



350 



BANK COMMISSIONERS' REPORT. 



[Jan. 



The following dividends of deposits have been ordered by decree 
of Supreme Judicial Court: May 13, 1878, 20 per cent.; Jan. 1, 
1879, 10 per cent. 

Amount of receivers' bonds, each, 

Date of examination by commissioner : Oct. 23. 



$30,000 00 



MECHANICS' SAYINGS BANK i — BOSTON. 

Incorporated March 30, 1874. 

George B. Dwellet, John F. Colby, Receivers. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Earnings, undivided, 


$258,718 67 
5,090 92 


Beal estate by foreclosure, 
Loans on real estate, 
Deposit in banks on interest, 
Expense account, . . 
Furniture and fixtures, . 
Profit and loss, . 
Cash on hand, . 




$47,067 54 

72,498 00 

92,228 65 

1,496 34 

200 00 

45,770 94 

4,548 12 




$263,809 59 






$263,809 59 



Number of open accounts, 1,709 

Amount of receivers' bonds, each, ....... $20,000 00 

Date of examination by commissioner : Dec. 23. 

1 Perpetually enjoined by a decree of the Supreme Judicial Court Jan. 12, 1877. A dividend 
of forty per cent, of deposits was ordered by decree of Supreme Judicial Court July 10, 1877. 



NOBTH BBIDGEWATER SAVINGS BANK i — BBOCKTON. 

Incorporated April 24, 1851. 

Bufus P. Kingman, Ellis Ames, Receivers. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Interest, . 
Profit and loss, 
Suspense, . 


$278,712 83 

35,279 04 

15,644 48 

2,055 57 


Furniture and fixtures, . 
Bank stock, .... 
E. South worth, . . . . 
Dunbar & Co., .... 
Beal estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Deposits in banks, . 
Expense account, . 
Cash on hand, .... 


$208 55 

26,473 74 

86,614 28 

8,939 69 

5,000 00 

119,677 66 

67,902 37 

9,628 59 

5,715 18 

1,531 86 




$331,691 92 


$331,691 92 



Number of open accounts, 2,291 

Amount of receivers' bonds, each, $30,000 00 

Date of examination by commissioner : Aug. 15. 

1 Temporarily enjoined by a decree of tbe Supreme Judicial Court April 5,1877; perpet- 
ually enjoined by a decree of tbe Supreme Judicial Court Nov. 13, 1877. Two dividends of 
twenty-five per cent, eacb of deposits were ordered by decree of Supreme Judicial Court Jan. 1 
and Oct. 8, 1878. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



351 



ROCKPORT SAVINGS BANKi— ROCKPORT. 

Incorporated 1853. 
Charles P. Thompson, Joseph Manning, Receivers. 

Statement. 



LIABILITIES. 


Assets. 


Value on Books. 


Deposits, . 
Garan tyfund, 
Profit and loss acc't, 


$166,459 68 

1,400 00 

12,688 88 


Bank stock 

Loans on bank stock, 

Real estate by foreclosure, 

Loans on real estate, 

Loans on personal security, . 

Deposit in banks, 

Deposit in bank not on interest, 

Cash on band, .... 


$5,859 80 

400 00 

38,144 14 

98,677 69 

2,343 00 

10,394 72 

24,126 07 

603 14 




$180,548 56 


$180,548 56 



Number of open accounts, 

Amount of receivers' bonds, each, . 

Date of examination by commissioner: Dec. 16. 



883 



$15,000 00 



1 Perpetually enjoined by decree of Supreme Judicial Court April 19, 1878. A dividend of 
twenty -five per cent, of deposits was ordered by decree of the Supreme Judicial Court Oct. 23, 
1878. 



SANDWICH SAVINGS BANK i — SANDWICH. 

Incorporated 1866. 
H. G. O. Ellis, John B. D. Cogswell, Receivers. 

Statement. 



Liabilities. 



Assets. 



Value on Books. 



Deposits, . 
Profits, interest, and 
premium, 



$108,117 36 
5,484 24 



$113,601 60 



Real estate by foreclosure, 
Loans on real estate, 
Amount paid on account 30 per 

cent, dividend, 
Loans on personal security, 
Balance note and interest paid 
Expense account, 
Deposit in banks, 
Cask on band, . 



$16,800 00 
49,008 50 

31,219 27 

10,671 17 

1,535 77 

640 44 

2,632 56 

1,093 89 



$113,601 60 



Number of open accounts, 517 

Amount of receivers' bonds, eacb, $20,000 00 

Date of examination by commissioner : July 18. 



1 Temporarily enjoined by a decree of the Supreme Judicial Court Aug. 25, 1877; perpetually 
enjoined by decree of Supreme Judicial Court Jan. 29, 1878. A dividend of thirty per cent, of 
deposits was ordered by decree of Supreme Judicial Court Aug. 23, 1878. 



352 



BANK COMMISSIONERS' REPORT. [Jan. 79. 



WEST BOSTON SAVINGS BANK i — BOSTON 

Incorporated 1867. 
Lyman P. French, Clement Willis, Receivers. 

Statement. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 


$1,381,718 14 


Bank stock, .... 


$192,216 69 


Earnings, undi- 




Loans on bank stock, 


300 00 


vided, 


122,461 83 


Real estate by foreclosure, 


503,313 90 


Guaranty fund, . 


2,687 50 


Loans on real estate, 


512,282 50 


Interest, 


4,618 97 


Loans on personal security, . 


66,649 10 


Rent, . 


2,449 78 


Deposit in banks on interest, . 


232,901 00 


Taxes, 


13 50 


Expense account, 


238 50 






Repairs on real estate, 


633 13 






Tax on real estate, . 


3,547 47 






Legal expense, &c, . 


226 66 






Cash on hand, .... 


1,640 77 




$1,513,949 72 


$1,513,949 72 



Number of open accounts, 5,449 

Amount of receivers' bonds, each, $30,000 00 

Date of examination by commissioner: Oct. 16. 

1 Temporarily enjoined by a decree of the Supreme Judicial Court Dec. 29, 1877; perpetually 
enjoined by a' decree of the Supreme Judicial Court Jan. 9, 1878. A dividend of twenty-five 
per cent, of deposits was ordered by decree of Supreme Judicial Court June 1, 1878. 



1879.] 



PUBLIC DOCUMENT— No. 8. 



353 



AGGREGATE STATEMENT OF BANKS IN THE HANDS OF 

RECEIVERS. 



f 
Liabilities. 


Assets. 

i 


Value on Books. 


Deposits, . 
Guaranty fund, . 
Surplus, 
Sundries, . 


$7,262,400 62 

11,580 81 

157,757 44 

307,245 09 


Public funds: — 

United States bonds, . 

State, city, and town bonds, 
Bank stock, . 
Loans on bank stock, 
Railroad bonds, 
Real estate, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

towns, 

Deposits in banks on interest, 
Profit and loss, .... 

Sundries, 

Cash on hand, .... 


$4,020 00 

26,866 25 

450,072 75 

■5,595 00 

47,506 25 

219,253 83 

1,615,106 96 

3,479,835 70 

480,101 72 

10,650 00 
883,891 69 
179,685 45 
197,582 20 
138,816 16 




$7,738,983 96 


$7,738,983 96 



AGGREGATE STATEMENT OF BANKS DOING BUSINESS, AND 
THOSE IN THE HANDS OF RECEIVERS. 



Liabilities. 


Assets. 


Value on Books. 


Deposits, . 
Guaranty fund, . 
Surplus, 
Sundries, . 


$217,123,031 80 

1,535,777 46 

4,507,147 18 

827,734 90 


Public funds : — 

United States bonds, . 

State, city, or town bonds, . 
Loans on public funds, . 
Bank stock, .... 
Loans on bank stock, 
Railroad bonds, 
Loans on railroad bonds, 
Real estate, .... 
Real estate by foreclosure, 
Loans on real estate, 
Loans on personal security, . 
Loans to counties, cities, or 

Deposits in banks on interest, 

Sundries, 

Cash on hand, .... 


$18,063,057 50 

15,263,465 94 

1,482,788 69 

24,858,100 39 

852,691 34 

7,273,497 29 

117,212 57 

2,725,983 03 

7,400,705 32 

99,985,245 44 

26,104,226 55 

8,444,585 17 
7,800,754 12 
2,235,201 24 
1,386,176 75 




$223,993,691 34 


$223,993,691 34 



^ 



354 



BANK COMMISSIONERS' REPORT. 



[Jan. 



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PUBLIC DOCUMENT — No. 8. 



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356 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Statements were made by the following-named companies, in 
accordance with the provisions of their charters : — 

BOSTON SAFE DEPOSIT AND TRUST COMPANY — BOSTON. 

Nov. 11, 1877. 



Liabilities. 

Capital stock, 

Deposits, 

Uninvested trust funds, 

Profit and loss, v . . 

Income, 

Dividends, . . . . . 

Assets. 
United States Government bonds, .... 

City and town bonds, 

Railway bonds, 

Bank stock, 

Loans on notes witli collaterals or sureties, 

Loans on mortgages, 

Expenses, 

State taxes paid, 

Safes/ &c, 

Stock B. S. D. and T. Company, awaiting disbursement, 
Loans on time notes with collaterals or sureties, 
Cash, 



$400,000 00 

1,025,758 40 

382 13 

14,388 68 

22,538 41 

120 00 



1,463,187 62 



$242,706 25 

104,547 50 

217,952 50 

3,150 00 

155,235 75 

174,500 00 

12,435 79 

5,016 00 

40,757 17 

700 00 

335,158 05 

171,028 61 



$1,463,187 62 



TRUST DEPARTMENT. 



Liabilities. 



In trust, 
Income, 



Assets. 

United States Government bonds, 

City bonds, . . . 

County bonds, 

Railway bonds, 

New England mortgage security bonds, 

Railroad stock, 

Bank stock 

Mortgages of real estate, 

Real estate, 

Massachusetts Hospital Life Insurance Company annuities in trust, 
Cash, 



$273,712 25 
316 77 



$274,029 02 



$119,347 89 
13,890 00 

1,075 00 
12,645 00 

5,000 00 
10,665 00 
15,170 00 
79,254 00 

6,600 00 

10,000 00 

382 13 



$274,029 02 



Date of examination by commissioner: Oct. 10. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



357 



CHAPIN BANKING AND TRUST COMPANY — SPRINGFIELD. 

Nov. 12, 1877. 



Capital stock paid in, 

Deposits, payable on demand, 

Number of depositors, 

Investments, Boston and Albany Railroad bonds, .... 

United States 4 per cent consols, par, 

Loans on notes of corporations, 

Loans on notes of individuals, 

Cash on hand, — 

Currency and specie . . $28,126 21 

Balances due from other banks, .... 161,215 48 

Dividend of 3 per cent., paid July 1, 1878, . . . 



$500,000 00 
553,399 81 

205 

$55,455 00 

26,300 00 

154,800 00 

688,822 02 



189,341 69 
15,000 00 



Date of examination by commissioner: Nov. 21. 

MASSACHUSETTS LOAN AND TRUST COMPANY — BOSTON. 

Oct. 31, 1878. 



Capital stock paid in, 
United States bonds, 
Cash on hand, . 
Dividend paid Aug. 15, 



$500,000 00 

287,820 42 

30,602 93 

3 per cent. 



"This corporation takes no deposits, and has never opened or done any busi- 
ness under its Trust Department, and has therefore no returns to make as pro- 
vided by its charter other than those given herein." 

Date of examination by commissioner: Oct. 11. 



NEW ENGLAND TRUST COMPANY 
Oct. 31, 1878. 



BOSTON. 



Liabilities. 

Capital stock, 

Deposits, 

Interest, '. . 

Profit and loss account, . . . ... 

Guaranty account, 

Commissions, . 

United States tax, 

Cash over 

Deposits for payment of coupons, .... 

Sinking fund, Chicago, Burlington, and Quincy 

Railroad Company, 



Assets. 
United States bonds, . 
City of Charlestown bonds, 



Mortgage notes, 

Loans on call with collateral or securities, 
Loans on time notes, maturing prior to April 13, 
1879, with collateral or sureties, .... 

Cash in banks in Boston 

Cash in office, 

Expense, . . 

Cash short 

Stock in New England Trust Company, held for 

distribution under by-laws, 

Peterborough Railroad sinking fund, 



$611,240 00 
12,000 00 



$1,261,295 40 
2,556 40 



$500,000 00 

4,970,978 05 

71,589 14 

17,284 98 

135,000 00 

230 00 

10,481 50 

239 31 

4,730 00 

763 54 

^5,711,296 52 



$623,240 00 

11,500 00 

1,345,250 00 

2,437,562 38 



1,263,851 80 

24,362 29 

26 80 

5,500 00 
3 25 



$5,711,296 52 



Date of examination by commissioner: Nov. 7. 



358 



BANK COMMISSIONERS' REPORT. 



[Jan. 



TRUST DEPARTMENT. 



Br. 



United States bonds, . 
City bonds, . 
State bonds, . 
Railroad Company bonds, 
Railroad Company stocks, 
Notes, .... 
Mortgage notes, . 
Casb in banks in Boston, 



Income, .... 
Change in investments, 



Trust accounts, 
Income, . 
Dividends, 



Cr. 



$41,838 00 

43,222 25 

24,640 00 

4.240 00 

34,262 74 

5,428 47 

192,500 00 

44,279 17 



$385,727 99 
2,556 34 
2,370 15 



$390,410 63 

200 85 

43 00 



$390,654 48 



$390,654 48 



WORCESTER SAFE DEPOSIT AND TRUST 

Nov. 8, 1877. 

Liabilities. 

Capital stock, 

Deposits, 

Profits: — 

Interest, 

Exchange 

Commission, 

Safe rental 

Deposit premium, 

Profit and loss, 

Surplus fund, ........ 

Dividends unpaid, 

Assets. 
Bonds : — 
United States Government, . . 
Vt. Central and Yt. and Canada equipment 8's, . 
Old Colony Railroad 7s, 

Stock : — 
Central National Bank, New York, 
Ninth National Bank, New York, . 

Loans : — 
Notes of corporation, . . . 
To individuals with collaterals, . 
On mortgage of real estate, 

Expenses: — 
General expenses, 

Cash : — 

In banks, 

In office, 

Furniture and fixtures, 

Premiums, 

Coupons, 

Clearing-house fund, 

Real estate, . . . 

Dividend Oct. 1 (3 per cent.), . . . $6,000 
Number of depositors, .... 1,431 

Date of examination by commissioner: Oct. 12. 



COMPANY — WORCESTER. 



$156 23 

4 23 

45 09 

2,041 00 

240 00 

6,754 89 

20,000 00 



$358,350 00 

152,000 00 

2,000 00 


$13,400 00 
5,000 00 


$268,263 83 
24,297 42 
92,950 00 


$187,331 26 
89,554 08 


$10,000 00 

47,593 72 

254 68 

1,000 00 

33,000 00 



$200,000 00 
1,056,561 77 



29,241 44 
285 00 



11,286,088 21 

$512,350 00 
18,400 00 

385,511 25 
1,093 22 

276,885 34 



91,848 40 



$1,286,088 21 



1879.] 



PUBLIC DOCUMENT— No. 8. 



359 



COLLATERAL LOAN COMPANY 
Oct. 31, 1878. 



BOSTON 



Capital stock, 

Reserve fund, 

Notes and accounts payable, 

Dividend unpaid, 

Undivided profits, 

Loans outstanding, 

Furniture account, 

Cash on hand, 



#182,876 86 
2,000 00 
5,980 62 



$190,857 48 



$150,000 00 

429 02 

32,045 86 

795 00 

7,587 60 



$190,857 48 



Date of examination by commissioner: Dec. 2. 



GENERAL REMARKS. 



.*>■ ttk. 



GENERAL REMARKS. 



There are now one hundred and sixty-eight savings banks 
doing business in the Commonwealth. No charters for savings 
banks were granted by the Legislature last year, nor were there 
any applications for charters. 

During the year, eight savings banks have been perpetually 
enjoined by decrees of the Supreme Judicial Court from further 
prosecution of business, and placed in the hands of receivers to 
be wound up. 

The West Boston Savings Bank, which had been temporarily 
enjoined Dec. 29, 1877, a statement relative to which was given 
in our last report to the Legislature, was, by decree of the court, 
placed in the hands of receivers Jan. 9. One dividend of 
twenty-five per cent, of the deposits has been paid. Another 
dividend of half that' amount could now be paid ; but the 
receivers prefer to wait until late in the spring, when they hope 
to have sufficient funds to pay twenty-five per cent. 

The Rockport Savings Bank was enjoined Feb. 9. This 
bank had been temporarily enjoined April 19, 1876, and con- 
tinued under injunction until Dec. 31 of the same year, when 
it was restored by the court to its full corporate powers. A 
continuous demand depleted the bank of nearly one-half of the 
amount of its deposits, when, upon conference with the officers, 
it was deemed best that the bank should be wound up. One 
dividend of twenty-five per cent, of the deposits has been paid, 
and the receivers expect to pay another of the same amount in 
the spring. There will be considerable delay in the final settle- 
ment of the affairs of the bank ; but the loss of the principal of 
the deposits will be small. 



364 BANK COMMISSIONERS' REPORT. [Jan. 

The Mercantile Savings Institution of Boston was enjoined 
Feb. 19. For some time an unusual demand by the depositors 
had existed, when sixty days' notice of the intention to with- 
draw deposits was required; but the -condition of the assets 
were such, that meantime it was considered by the commis- 
sioners for the best interest of all the depositors that the pay- 
ment of deposits should not be renewed, but that the institution 
should be placed in the hands of receivers. One dividend of 
twenty per cent, of the deposits has been paid, and another of 
ten per cent, is now being paid. The condition of the remain- 
ing assets is such, that a considerable loss, as well as delay, must 
result in the final settlement. 

The Dorchester Savings Bank of Boston was enjoined Feb. 
26. The managers had deemed it prudent to pass a dividend 
to repair the losses consequent upon the shrinkage in value of 
some of its assets. Thereupon an unusual demand from the 
depositors began, which continued until nearly one-third of the 
deposits had been withdrawn ; when, upon consultation between 
the officers and the commissioners, it was deemed best that the 
bank should be wound up. Two dividends, each of twenty- 
five per cent, of the deposits, have been paid ; and the receivers 
are of the opinion that the impairment of the principal of the 
deposits will be small. 

The decree of the court temporarily enjoining the Sandwich 
Savings Bank, issued Aug. 25, 1877, was made perpetual Jan. 29. 
The effort to obtain the consent of the depositors to accept eighty 
per cent, of the amounts due them, mentioned in our last report, 
had failed. One dividend of thirty per cent, of the deposits has 
been paid. There will be considerable delay and loss in realiz- 
ing from the remaining assets. The larger portion consists of 
mortgages of real estate, and real estate acquired by foreclosure, 
of a character which is very difficult to convert at present. 

The Barnstable Savings Bank, which had been temporarily 
enjoined Sept. 28, 1877, was perpetually enjoined May 23, 1878. 
The officers of the bank had entertained the hope that its con- 
dition might be so far improved by an accumulation of its 
earnings for the period of a year or thereabout, that any deficit 
of the principal of the deposits could be made good. But, upon 
an examination of its affairs being made in May, it was found 
that further shrinkages in the value of some of its assets, espe- 
cially the bank stocks, had rendered the effort hopelesss. One 



1879.] PUBLIC DOCUMENT — No. 8. 365 

dividend of twenty-five per cent, has been paid, and another may- 
be expected during the coming spring. There will be consider- 
able delay, and some loss, before the affairs of bank are finally 
settled. ' 

The Hyannis Savings Bank, which had been temporarily 
enjoined Oct. 2, 1877, was perpetually enjoined Sept. 11, 
1878. 

During the ten months of the temporary injunction there 
seemed to be little if any improvement in the condition of the 
bank, as the accumulation of earnings did not more than pro- 
vide for the continuous shrinkage in the value of the assets ; 
and, there being no prospect that the expectation of the officers 
to restore the bank to a solvent condition could be realized, the 
commissioners deemed it their duty to recommend the appoint- 
ment of receivers. One dividend of twenty-five per cent, has 
been ordered by the court. The condition of the remaining 
assets is such, that, while there may be but a small loss of the 
principal of the deposits, considerable time will elapse before 
the final settlement of the affairs of the bank. 

The Lexington Savings Bank was enjoined Oct. 14. The 
deposits in this bank had decreased continuously during the 
year, until nearly twenty-five per cent, had been withdrawn. 
As the time for the payment of a dividend approached, notices 
to withdraw deposits to a considerable amount were received. 
Upon an examination of the accounts, it was found that the net 
earnings of the bank for the six months were not sufficient to 
pay a dividend of two per cent. It was feared that the passage 
of a dividend would cause a much larger demand from the 
depositors than had already existed ; and, as the opinion was 
expressed that there existed no especial need for a savings bank 
in that locality, it was deemed expedient to apply for the 
appointment of receivers. One dividend of twenty-five per 
cent, of the deposits has been ordered by the court, and it is 
expected that the loss to the depositors will be small. 

A dividend of ten per cent, of the deposits was paid in Octo- 
ber by the receivers of the Lancaster Savings Bank, which was 
enjoined in 1875. Two dividends had been previously paid, — 
one of thirty-three and one-third per cent, of the deposits, and 
another of ten per cent. It is difficult to state how much will 
be realized from the remaining assets, but probably not more 
than ten per cent, of the deposits. 



366 BANK COMMISSIONERS 1 REPORT. [Jan. 

The receivers of the Mechanics' Savings Bank of Boston, 
which was enjoined in 1877, are prepared to pay a final divi- 
dend of about thirty per cent, upon the settlement of a suit 
now pending in the Supreme Judicial Court relative to the 
title of an estate, which they expect will be determined this 
month. They have paid one dividend of forty per cent, of the 
deposits, and, in the final settlement, the depositors will receive 
about seventy per cent. 

The receivers of the North Bridgewater Savings Bank of 
Brockton, which was enjoined in 1877, have paid two dividends 
of twenty-five per cent, of the deposits each, and expect to pay 
another in the spring. The depositors will receive seventy-five 
per cent, at least of the amounts due them. 

When the assets of a bank being wound up are of such an 
amount, as, in the judgment of the receivers, to require for the 
proper transaction of the business incident thereto clerical 
assistance and ]arge office accommodations, we have recom- 
mended the payment of frequent dividends, even if the amount 
do not exceed ten per cent, of the deposits. The first dividend 
should be as large as can be made from the sum realized from 
the sale of the assets readily convertible, as there need be no 
great delay in their conversion. So much time will often be 
required to collect any considerable amount invested in real 
estate and mortgages of real estate, if these investments are to 
be disposed of with due regard to the best interests of the de- 
positors, that, by the payment of small dividends frequently, 
many will be relieved from inconvenience, and some from suffer- 
ing. 

Five savings banks have been temporarily enjoined by decrees 
of the Supreme Judicial Court, and remain under the manage- 
ment of their officers. 

The Home Savings Bank of Boston was enjoined March 25. 
In 1876 this bank was depleted of nearly one-half of the amount 
of its deposits by an unusual demand, which very materially 
reduced its quick assets. The demand having been renewed 
last year, the by-law of the bank requiring sixty days' notice 
of withdrawal was enforced; but, the number and amount of 
notices being very large, it was deemed prudent to apply for a 
temporary injunction. Upon application of the officers of the 
bank, the payment of a dividend of ten per cent, of the princi- 
pal of the deposits was ordered by the court Jan. 1, as it was 



1879.] PUBLIC DOCUMENT — No. 8. 367 

not deemed expedient to apply for a removal of the injunction 
at that date. 

The Newburyport Five Cents Savings Bank was enjoined 
April 2. This bank had made loans on mortgages of real estate 
in Boston and its vicinity which had depreciated largely in 
value. The officers represented that it was the desire of the 
depositors generally that the bank should continue business. 
This rendered it necessary that a considerable accumulation 
of its earnings should be made to provide for the shrinkage of 
values : therefore the temporary injunction was applied for. 

The Emigrant Savings Bank of Boston was enjoined April 
16. The . demand from the depositors had been so large as 
seriously to diminish the assets which were readily convertible, 
and a portion of the remainder had suffered considerable shrink- 
age in value. After a careful examination of its affairs, we 
deemed it for the best interest of the depositors that an injunc- 
tion should be applied for, though this action did not receive 
the concurrence of the officers of the bank, who desired that an 
order limiting and regulating the payments of deposits should 
be issued by the commissioners. One dividend of ten per cent. 
of the deposits has been ordered by the court upon application 
of the officers. 

The Broadway Savings Bank of Lawrence was enjoined April 
16. The difficulty of converting its assets rapidly enough to 
meet the demands of its depositors, as well as a considerable 
shrinkage in the value of some of its assets, rendered this action 
necessary. A strong desire for the preservation of the bank 
and the protection of the depositors from any loss induced some 
of the trustees to provide a guarant3 r -fund of one hundred 
thousand dollars, to be used to make good an}^ losses that might 
occur. The amount, invested in United-States bonds, has been 
furnished by one of their number. The officers of the bank 
are of the opinion that it will be in condition to apply for the 
removal of the injunction within a few months. 

The Haydenville Savings Bank was enjoined May 22. The 
necessity for this action was a loss incurred by the failure of a 
large manufacturing company to which the bank had loaned 
$23,500. The president of the bank was one of the partners of 
the manufacturing company. The loans were made on notes 
signed by the company, with himself and another partner of the 
■company as sureties. The board of management of the bank 



368 BANK COMMISSIONERS' REPORT. [Jan. 

has been re-organized by the election of a new president and 
several new trustees. The officers expect that the loss will be 
repaired, and the bank be in condition to apply for a removal 
of the injunction during the coming spring. 

The practice by a savings bank, of loaning on personal security 
when several members of one copartnership become both princi- 
pal and sureties is unsafe, and we object to it whenever it 
comes to our knowledge. Still such loans continue to be made 
by a few of the banks, and we recommend that they be 
forbidden by law. 

Chapter 73 of the Acts of 1878, entitled "an Act for the 
better protection of depositors in savings banks," authorizing 
the Board of Commissioners of Savings Banks, in their judg- 
ment, by an order in writing, directed to a savings bank, to 
limit and regulate payments to its depositors, in time and amount 
as the interests of all the depositors may require, took effect 
March 21, to remain in force three years. These extraordinary 
powers were assumed by the commissioners with reluctance, 
and have been exercised with careful moderation, with the 
concurrence of the officers of the banks to which the provisions 
of the act have been applied. We insert a copy of the form of 
order used, drawn by the Attorney-General. 



Office of the Board of Commissioners of Sayings Banks, 

Boston, 187 

To the Savings Bank, a corporation established by law, 

at in the County of 

Greeting. 

Whereas it appears to us, the Board of Commissioners of Savings Banks, 
upon an examination of said Savings Bank, that, 

by reason of large and unusual demands upon said Bank, it may be com- 
pelled to sacrifice its securities, and thereby to hazard the interests of its 
depositors ; and Whereas, in our judgment, the security and welfare of the 
depositors in said Savings Bank do therefore require a limitation, or regula- 
tion, of payments to the depositors of said Savings Bank : 

Now, therefore, by virtue of the power and authority in us vested by the 
laws of this Commonwealth, you, the said 

Savings Bank, are hereby ordered and required to limit and regulate the 
payments to depositors, in time and amount as follows ; that is to say, that, 



1879.] 



PUBLIC DOCUMENT — No. 8. 



369 



from and after the date of this order, you shall not pay to any depositor now- 
having funds in said bank any sum or sums exceeding in all 

per cent, of the amount -of his deposit remaining therein at this 
date. 

{Here the period of time the order shall continue in force is inserted, also the 
date when it shall take effect, and the percentage of the deposits allowed to be paid 
each six months.) 

And it is further ordered, that no payment shall be made to any such 
depositor, except upon the agreement, that if said Savings Bank shall go 
into liquidation, by being placed in the' hands of receivers, or otherwise, 
while this order, or any modification thereof, is in force, the proportional 
loss of such depositor, if any, shall be based upon the whole amount of 
his deposit at this date. 

And it is further ordered, that said Savings Bank shall^pay to each 
depositor the amount hereinbefore limited, in one sum, whenever the depos- 
itor applying may so elect. 

This order may be changed or wholly revoked whenever, in the judgment 
of said Commissioners, the welfare of the depositors in said 
Savings Bank shall so require. 

In witness whereof, we have hereunto subscribed our names 
on the day and year first above written. 

A list of the twenty-one banks to which orders have been 
directed is given below, with the date the order was issued, the 
percentage of the deposit allowed to be paid during the year, 
and the amount of deposit in each bank. 



Date of Order. 


Percentage 
Paid. 


Mar. 23, 


20 


30, 


20 


April 4, 

8, 


20 
20 


9, 


20 


15, 


20 


18, 


20 


18, 


20 


19, 


40 


30, 


20 


May 6, 
10, 


30 
30 


14, 


40 


16, 


20 


16, 


30 


June 10, 


20 


11, 


20 


14, 


20 


28, 


20 


Oct. 28, 


20 


Dec. 10, 


20 





Amount of Deposit. 



Brighton Five Cents Savings Bank, 

Great Barrington, 

Lawrence, .... 

Wellfleet, .... 

South Boston, 

Cape Cod Five Cents, Harwich, 

East Boston, 

Charlestown Five Cents, 

Seamen's, Provincetown, 

Foxborough, 

Bristol County, Taunton, 

North End, Boston, 

Franklin, Boston, 

Union, Fall River, 

Bass River, South Yarmouth, 

Fall River Five Cents, . 

Citizens', Fall River, . 

Hyde Park, .... 

Fall River, .... 

Fairhaven Institution, . 

Nantucket Institution, . 



64 
38 
80 
56 
18 
94 
92 



$239,466 98 

360,648 73 
' 451,768 

395,872 
1,418,667 

359,591 
1,817,088 
2,902,845 

505,351 

188,152 95 
2,828,481 45 

523,391 41 
3,467,035 23 

595,809 21 

200,137 13 

1,172,053 85 

1,680,913 01 

44,585 28 

5,500,061 00 

978,160 67 

570,183 58 



$26,200,266 90 



47 



370 BANK COMMISSIONERS' REPORT. [Jan. 

The total of deposits in the savings banks doing business 
Oct. 31, 1878, was $209,860,631.18, being a decrease for the 
year of 134,735,983. This decrease includes $7,262,400.62 in 
the banks in the hands of receivers. The amount of surplus,' 
including the guaranty-fund of $1,524,196.65, was $5,873,586.39, 
being an increase for the year of $691,051.53. 

The number of open accounts is 674,251, — a decrease of 65,- 
506 for the year, giving to each account an average of $311.25, 
which is a decrease of $19.39 from the average of the previous 
year. 

The amount deposited during the year was $29,763,370.14, — 
a decrease from the previous year of $12,831,862.44. The num- 
ber of deposits was 373,831, — a decrease of 184,325. The 
average of deposits was $79.62. The average the previous year 
was $76.31, being an increase of $3.31 for the year. 

The amount of withdrawals was $58,254,071.27, $10,335,832.40 
more than the previous year. The number of withdrawals 
was 503,697, — an increase of 3,714. The average amount of 
withdrawals was $115.65, being an increase of $19.81 from that 
of the previous year, when the average was $95.84. 

Reference to the table of comparative aggregates will show 
the changes in loans and investments for the year. Public 
funds have increased $66,045.46. Investments in United States 
bonds have increased $1,746,839.50. State and municipal 
bonds have decreased $1,680,794.04. Loans on public funds 
have increased $223,081.83. Investments in bank stocks have 
decreased $1,746,361.37. Loans on bank stock have decreased 
$377,191.81. Loans on mortgage of real estate have de- 
creased $19,735,628.61. Investments in railroad bonds have 
decreased $1,850,165.13 ; and the decrease will probably be con- 
tinuous, as these investments are practically forbidden by the 
Act of 1876. 

The percentage of assets in the different classes of invest- 
ments is about as follows: public funds, and loans on public 
funds, sixteen per cent; bank stocks, and loans on same, eleven 
and one-half per cent. ; railroad bonds, and loans on same, 
three and one-half per cent. ; loans on mortgages of real es- 
tate, forty -five per cent. ; invested in real estate, including 
foreclosures, three and five-sixths per cent. ; loans on personal 
security, eleven and seven-eighths per cent. ; loans to counties, 
cities, and towns, four per cent. ; deposits in bank on interest, 
three and one-fifth per cent. 



1879.] 



PUBLIC DOCUMENT — No. 8. 



371 



The rates of interest on loans have been considerably de- 
creased, which, with the shrinkage of values, and losses in in- 
vestments, continues to diminish the profits of the banks, so 
that it will be difficult for some of them to pay the minimum of 
dividends allowed by the Act of 1876, — four per cent, per 
annum, — while a few have passed one or both dividends. The 
earnings of the banks have decreased $ 2, 056, 019. 23, — a little 
more than thirteen and one-half per cent. 

Loans at seven per cent, and higher rates have again dimin- 
ished materially. 
The amount of loans at seven per cent, and 

over, reported in 1877, was, .... 178,629,013 70 



In 1878, 

A decrease of, . 
The amount of loans between five and seven 

per cent, in 1877 was, .... 
In 1878, 

A decrease of, . 
The amount of loans under five per cent, in 

1877 was, 

In 1878, . 

An increase of, . . . . . 



48,277,979 11 
830,351,034 59 

183,210,139 44 
81,026,014 02 

$2,184,125 42 

$4,978,249 82 
7,167,109 12 

$2,188,859 30 



The extraordinary decrease of the deposits, indicates signifi- 
cantly the magnitude of the crisis through which the savings 
banks have been passing. The amount of this decrease is 
greater than the total of deposits in all the savings banks 
twenty years previous. By the Commissioners' Report of 1858 
the aggregate of deposits was $33,914,971.71. 

Among the immediate causes of this decrease has been, in 
a measure, the withdrawal, partly from distrust and partly for 
re-investment, of a large class of deposits made as investments ; 
and also the withdrawal of sums needed for subsistence by per- 
sons, who, during the period of business depression, have been 
compelled to draw upon their savings to meet their daily neces- 
sities. The same causes have, in a great degree, prevented the 
receipt of new deposits. 

But the fundamental cause of this change is the departure 
from that conservative management which characterized the 



372 BANK COMMISSIONERS' REPORT. [Jan. 

savings banks for the first fifty years of their existence. 
This departure began about the year 1867. In 1866 there 
were 102 banks, with deposits of $67,732,264.31, of which 
125,113,702.97 were invested in public funds, and 116,145,890.65 
in mortgages of real estate. In 1875, when the workings of 
this change of policy may be said to have been fully devel- 
oped, there were 180 banks, with deposits of $237,848,063.21, 
of which §17,920,232.33 were invested in public funds, and 
$120,171,268.08 in mortgage of real estate, — an increase of 
78 in the number of banks and of $170,116,698.90 in deposits; 
a decrease of investments in public funds of $7,193,470.64, and 
an increase of $104,025,377.43 invested in mortgage of real 
estate. In 1867 the investment in public funds was 37i per 
cent, of the deposits ; in 1877 it was 7i percent, of the deposits. 
In 1867 the investment in mortgage of real estate was 23| per 
cent, of the deposit; in 1875 it was 50i per cent, of the deposit. 
The rapid increase in the number of banks created a competi- 
tion for deposits, which were stimulated in many instances by 
the expectation, in some by the promise, of large dividends. 
The great increase of deposits was also due largely to the same 
abnormal influences which inflated all other kinds of property. 

The Act of 1867, allowing contracts for the payment and 
receipt of any rate of interest, took effect July 1 of that year. 
Congress repealed the law authorizing the Secretary of the 
Treasury to reduce the "legal tender notes," Jan. 1, 1868. An 
impetus was given to the advance in the valuation of real estate, 
which, in the cities and large towns of the Commonwealth, was 
extraordinary. 

Many of the savings banks, as well as individual capitalists, 
seem to have believed that loans on real estate, based upon 
the existing valuations with the customary margin, could be 
safely made ; but they had lost sight of the fact apparently, that 
there is no limit to the amount that may be invested in mort- 
gage of real estate if the valuation increases rapidly enough, 
and that a rapid increase of valuation is consequent largely 
upon the increase of the rate of interest which borrowers may 
be induced to offer to pay. Assessors seemed willing to accept 
the valuations established between borrowers and lenders. The 
records of sales and mortgages were made the basis upon which 
new valuations were established each year. The price at which 
real estate would sell depended largely upon the amount that 



1879.] PUBLIC DOCUMENT — No. 8. 373 

could be borrowed upon it ; and the amount that could be 
borrowed of lenders whose accumulations of surplus money were 
rapid, depended largely upon the rate of interest which borrow- 
ers would pay. Municipal extravagance was induced by this in- 
creased valuation of real estate. Upon these valuations greatly 
increased expenditures could be based, without increasing the 
rate of taxation ; and the basis of credit was enlarged upon 
which municipal indebtedness could be expanded, the interest 
upon which, as well as instalments of the principal, now add 
materially to the taxation which bears so heavily on much of 
this real estate. 

Since the culmination of this condition of affairs in the panic 
of 1873, the universal shrinkage which has been bringing prop- 
erty down to its normal values has stripped real estate of its 
delusive valuation, and in many instances impoverished the 
holders of the fee in the property by the obliteration of all 
value above the mortgage, leaving mortgagees in the possession 
of property which they never contemplated possessing, upon 
which they must pay the taxes, and much of which will not 
realize the amount of the mortgages. 

In the case of some of the banks which have since been placed 
in the hands of receivers the temptation to dispose of their public 
funds, and invest them in mortgage of real estate at higher 
rates of interest, was the primary cause of their disaster. The 
Lancaster Savings Bank, the first which was enjoined, we find by 
reference to the reports of the commissioner, had in 1873 
$265,000 invested in public funds, and in mortgages of real 
estate $294,492.57. In April, 1874, this bank had no invest- 
ments in public funds, and $630,674.84 in mortgage of real 
estate. In 1871 the Barnstable Savings Bank had $193,000 in- 
vested in public funds, and $568,-463.44 invested in mortgage 
of real estate; in 1873 it had no investment in public funds, 
and $789,659.16 invested in mortgage of real estate. 

Since 1876 the banks, recognizing the error of this policy, 
have been reconverting their deposits from mortgage of real 
estate to public funds. They have nearly doubled the amount 
invested in this class of securities, while their deposits have 
fallen off more than fourteen per cent. ; so that now they have 
sixteen per cent; of the deposit invested in public funds. But 
this change of policy in the management came too late to avert 
the disasters which have weakened confidence in these institu- 
tions and resulted in the heavy withdrawals of the past year. 



374 BANK COMMISSIONERS' REPORT. [Jan. 

The banks are generally stronger than they were three years 
ago ; but they find themselves in the condition where they cannot 
invest in the new loan of the United States, bearing four per 
cent, interest, and pay the tax to the State and the minimum 
rate of dividends allowed by law. Consequently for the past 
year the increase in this class of investments has been small. 

The attempt made in the Legislature last year to exempt 
from tax deposits invested in United States bonds, failed ; but we 
are more strongly confirmed in our opinion, given in our report 
of that year, that, if the tax could be removed, the increase in 
this class of investments would be large, and the security of 
the depositors be thereby enhanced. In our judgment the 
surest means of regaining the confidence which these institu- 
tions enjoyed for more than fifty years is to encourage them in 
returning to the condition and policy of management which they 
maintained before the era of inflation. The country has returned 
to a specie standard of values generally, and the National Gov- 
ernment has resumed the payment of its legal tender notes 
in coin ; but the volume of paper money is not diminished 
materially since the withdrawal of the national currency was 
forbidden by Congress, and we are by no means secure from a 
return of speculative values. The investments of deposits in 
bonds of the United States, payable in coin, which have the 
qualities of safety and convertibility, would enable the savings 
banks to respond at short notice to unusual demands of de- 
positors. The exemption from tax of deposits invested in 
United States bonds will simply place the banks od an equality 
with the public who buy and hold these bonds. 

Investments in mortgage of real estate are securities of the 
highest order, but they are among the slowest and most difficult 
to convert. The experience of the past ten or fifteen years 
shows that these investments should be selected with caution, 
and with reference to the contingencies of rise and fall in the 
value of real estate covering a series of years, and the loans 
should be on property which is so improved as to yield an in- 
come to provide for the interest. But our opinion, based upon 
recent experience, is, that such investments should not absorb 
more than fifty per cent, of the deposits, in order that a bank 
may be able not only to respond to an unusual demand from 
its depositors, but be in condition to remove all doubt of being 
able to do so at any period of extraordinary distrust or financial 
disturbance. 



1879-] PUBLIC DOCUMENT — No. 8. 375 

Recent experience has demonstrated, that while many loans 
on personal security are readily convertible, and are subject to 
very little risk of loss, others are practically inconvertible, and 
in some instances become almost worthless. 

Bank stocks, which in ordinary times are readily convertible, 
have for two years past been difficult of sale without a very 
considerable sacrifice upon what is represented by the officers 
of the banks to be their fair value ; and savings banks which 
have invested in them unguardedly, and at the high prices 
which prevailed for some years, have suffered both from depre- 
ciation and difficulty of realizing upon them to respond to the 
demands of depositors. In view of the liability of stockholders 
under the National Banking Act, it is doubtful whether invest- 
ments in these stocks should have been permitted, and it is 
questionable whether it is the best policy for the Common- 
wealth to allow a rebate of tax upon this class of investments 
which are based upon commercial or personal credits, which 
must be more or less affected by financial or business disturb- 
ances. If the rebate is to be disallowed, it would seem to be 
prudent to allow savings banks holding these stocks a reasona- 
ble period — three year s at least — in which to dispose of them 
if they so elect. 

Loans to counties, cities, and towns, are satisfactory securities 
for savings banks to hold, and have proved easily convertible. 
Care should be exercised to ascertain that such loans are duly 
authorized and in proper form. 

Chapter 261 of the Acts of 1878, entitled "An Act relating 
to the rights of depositors in savings banks," has not yet been 
satisfactory in its operation. It provides, that, in any proceed- 
ings for collection of a debt due a savings bank by a depositor, 
he may set off a deposit in the bank owned or held by him at 
the time of the commencement of such proceedings. The con- 
stitutionality of the Act having been questioned by the Attor- 
ney-General, the banks have generally refrained from any ac- 
tion under it. 

The loan and trust companies appear to have been care- 
fully managed, and some of them are increasing the business of 
their trust departments. 



INDEX TO THE ANNUAL REPOKTS. 



LOCATION. 

Abington, . 
Adams, 

Amherst, 
- Andover, 

Arlington, . 

Ashburnharn, 

Athol, . 

Attleborough, 

Barnstable, 

Barre, . 
^Beverly, 



Boston, 



Braintree, . 
Bridgewater, 
Brockton, . 
Brookfleld, . 
Brookline, . 

Cambridge, . 



SAVINGS BANKS. 

CORPORATE NAME. PAGE. 

Abington Savings Bank, 6 

Hoosac Savings Bank, 143 

North Adams Savings Bank, .* . . . 220 

South Adams Savings Bank, . . . . . 269 

. Amherst Savings Bank, 8 

. Andover Savings Bank, 10 

. Arlington Five Cents Savings Bank, . . , . 12 

. Ashburnharn Savings Bank, 14 

. Athol Savings Bank, 15 

. Attleborough Savings Bank, 17 

. Barnstable Savings Bank, 347 

. Barre Savings Bank, 18 

. Beverly Savings Bank, 26 

^ f Boston Five Cents Savings Bank, .... 28 

^ Boston Penny Savings Bank, 31 

t Brighton Five Cents Savings Bank, .... 37 

l Charlestown Five Cents Savings Bank, ... 58 

Dorchester Savings Bank, ...... 347 

East Boston Savings Bank, 81 

Eliot Five Cents Savings Bank, 90 

Emigrant Savings Bank, 92 

Franklin Savings Bank, 110 

Home Savings Bank, 141 

. •{ Institution for Savings in Roxbury and its Vicinity, 152 

Mechanics' Savings Bank, 350 

Mercantile Institution for Savings, .... 349 

North End Savings Bank, 227 

Provident Institution for Savings in the Town of 352 

Boston, 242 

South Boston Savings Bank, 271 

Suffolk Savings Bank for Seamen and Others, . 288 

Union Institution for Savings in the City of Boston, 294 

Warren Institution for Savings, .... 309 

West Boston Savings Bank, ..... 352 

Braintree Savings Bank, 33 

Bridgewater Savings Bank, . , . . .35 

North Bridgewater Savings Bank, .... 350 

. Brookfleld Savings Bank, 43 

Brookline Savings Bank, ... . . . . 44 

j ( Cambridge Savings Bank, 46 

♦J Cambridgeport Savings Bank, . . . . . 48 

'' l East Cambridge Five Cents Savings Bank, . . 85 

North Avenue Savings Bank, 222 



48 



378 



INDEX. 



LOCATION. 




Canton, 


. 


i Chelsea, 


. 


Chicopee Falls, . 

Chicopee, 

Clinton, 


• 


' Cohasset, 


# 


Concord, 


m 


Dan vers, 


# 


Dedham, 


m 


East Bridgewater, 
Easthampton, 


• 


East "Weymouth, 
Fairhaven, . 


f 


- Fall River, . 


1 

■1 

1 


Fitchburg, . 


•{ 


Florence, 




Foxborough, 


m 


Framingham, 

Franklin., 

Gardner, 


• 


Georgetown, 
Gloucester, . 


- 


Grafton, 


. 


Great Barrington, 




Greenfield, . 


■'{ 


I Groveland, . 




Harwich, 




Haverhill, . 


is 


Haydenville, 
Hingham, . 




Holliston, . 


• 


Holyoke, 


j 


Hopkinton, . 
Hudson, 




Hyannis, 


. 


( Hyde Park, 


. 


Ipswich, 
Lancaster, . 

Lawrence, . 

Lee, 


if 

;i 


Leicester, 




Leominster, 


. 


Lexington, . 





Lowell, 



i 
l 



CORPORATE NAME. 

Canton Institution for Savings, 
Chelsea Savings Bank, 
Chicopee Falls Savings Bank, 
Chicopee Savings Bank. 
Clinton Savings Bank, 
Cohasset Savings Bank, 
Middlesex Institution for Savings, 
Dan vers Savings Bank, 
Dedham Institution for Savings, 
East Bridgewater Savings Bank, 
Easthampton Savings Bank, 
East Weymouth Five Cents Savings 
Fairhaven Institution for Savings, 
Citizens' Savings Bank, 
Fall River Five Cents Savings Bank 
Fall River Savings Bank, . 
Union Savings Bank, . 
Fitchburg Savings Bank, 
Worcester North. Savings Institution 
Florence Savings Bank, 
Foxborough Savings Bank, 
Framingham Savings Bank, 
Benjamin Franklin Savings Bank, 
Gardner Savings Bank, 
Georgetown Savings Bank, 
Cape Ann Savings Bank, 
Grafton Savings Bank, 
Great Barington Savings Bank, . 
Franklin Savings Institution, 
Greenfield Savings Bank, . 
Groveland Savings Bank, . 
Cape Cod Five Cents Savings Bank, 
Haverhill Savings Bank, 
City Five Cents Savings Bank, . 
Haydenville Savings Bank, 
Hingham Institution for Savings, 
Holliston Savings Bank, 
Holyoke Savings Bank, 
Mechanics' Savings Bank, 
Hopkinton Savings Bank, 
Hudson Savings Bank, 
Hyannis Savings Bank, 
Hyde Park Savings Bank, 
Ipswich Savings Bank, 
Lancaster Savings Bank, 
Broadway Sayings Bank, 
Essex Savings Bank, . 
Lawrence Savings Bank, 
Lee Savings Bank, 
Leicester Savings Bank, 
Leominster Savings Bank, 
Lexington Savings Bank, . 
Central Savings Bank, 
City Institution for Savings, 
Lowell Five Cents Savings Bank, 
Lowell Institution for Savings, . 



Bank, 



PUBLIC DOCUMENT — No. 8. 



379 



LOCATION. 

Lowell, 

«Lynn, . 

■ Maiden, 

i Marblehead, 

Marlborough, 

Medford, 

Medway, 

Melrose, 
i Merrimae, . 

Middleborough, 

Milford, 

Millbury, 

Monson, 

Nantucket, . 

Natick, 

Needham, . 

New Bedford, 

/-Newbury port, 

Newton, 

Northampton, 

North Brookfield 
North Easton, 
Orange, 
Palmer, 
vPeabody, 
Pittsfie'.d, . 

Plymouth, . 

Provincetown, 
f Quincy, 

Randolph, . 
/ Reading, 

Rockland, . 

Rockport, . 

Salem, . 
Salisbury, . 

Sandwich, . 
i Scituate, 

Shelburne Falls, 

Southbridge, 

South Adams, 
I South Scituate, 

South Weymouth, 

South Yarmouth, 

Spencer, 

Springfield, . 



COKPOKATE NAME. 



( Mechanics' Savings Bank, . 
( Merrimack River Savings Bank, 
• r Lynn Five Cents Savings Bank, 

* | Lynn Institution for Savings, 

. Maiden Savings Bank, 

. Marblehead Savings Bank, 

. Marlborough Savings Bank, 

. Medford Savings Bank, 

. Medway Savings Bank, 

. Melrose Savings Bank, 

. Merrimae Savings Bank, 

. Middleborough Savings Bank, 

. Milford Savings Bank, 

. Millbury Savings Bank, 

. Monson Savings Bank, 

. Nantucket Savings Bank, . 

, Natick Savings Bank, . 

. Needham Savings Bank, 

New Bedford Five Cents Savings Bank, 
New Bedford Institution for Savings, 

i { Institution for Savings in Newburypor 

. \ Vicinity, 

f { Newburyport Five Cents Savings Bank, 

. Newton Savings Bank, 
( Hampshire Savings Bank, 

' / Northampton Institution for Savings 

, North Brookfield Savings Bank, 

. North Easton Savings Bank, 

. Orange Savings Bank, 

. Palmer Savings Bank, . 

. Warren Five Cents Savings Bank, 

. Berkshire County Savings Bank, 
c Plymouth Five Cents Savings Bank, 

' / Plymouth Savings Bank, 

. Seamen's Savings Bank, 

. Quincy Savings Bank, . 

. Randolph Savings Bank, 

. Reading Savings Bank, 

. Rockland Savings Bank, 

. Rockport Savings Bank, 

fi Salem Five Cents Savings Bank 

' ( Salem Savings Bank, . 

. Provident Institution for Savings in the 
Salisbury and Amesbury, 

. Sandwich Savings Bank, 

. Scituate Savings Bank, 

. Shelburne Falls Savings Bank, 

. Southbridge Savings Bank, 

, South Adams Savings Bank, 

. South Scituate Savings Bank, 

, South Weymouth Savings Bank 

. Bass River Savings Bank, . 

. Spencer Savings Bank, 
f Hampden Savings Bank, 
Springfield Five Cents Savings Bank, 
Springfield Institution for Savings, , 



an 



d its 



Towns of 



380 



INDEX. 



LOCATION. 

Stoneham, . 
Stockbridge, 

Taunton, 

Templeton, . 
Turner's Falls, 
Uxbridge, . 
Wakefield, . 
Wales, . 
Waltham, . 
Ware, . 
Wareham, . 
I Watertown, 
Webster, 
Wellfleet, . 
Westborough, 

Westfield, . 

West Stockbridge, 
I Weymouth, 

Whitinsville, 

Wincliendon, 
I Winchester, 
J Woburn, 

Worcester, . 



CORPORATE NAME. 

Stoneham Savings Bank, 

Stockbridge Savings Bank, 
f Bristol County Savings Bank 
( Taunton Savings Bank, 

Templeton Savings Bank, 

Crocker Institution for Savings, 

Uxbridge Savings Bank, 

Wakefield Savings Bank, 

Wales Savings Bank, 

Waltham Savings Bank, 

Ware Savings Bank, 

Wareham Savings Bank, 

Watertown Savings Bank, 

Webster Savings Bank, 

Wellfleet Savings Bank, 

Westborough Savings Bank, 
( Westfield Savings Bank, 
( Woronoco Savings Bank, 

Miners' Savings Bank, . 

Weymouth Savings Bank, 

Whitinsville Savings Bank, 

Winchendon Savings Bank, 

Winchester Savings Bank, 

Woburn Savings Bank, 
f People's Savings Bank, 

Worcester County Institution for Savings 

Worcester Five Cents Savings Bank, . 
k Worcester Mechanics' Savings Bank, 



PAGE. 

286 
285 

39 
291 
293 

76 
309 
299 
300 
301 
303 
305 
311 
313 
315 
317 
319 
2 
199 
333 
335 
337 
339 
310 
233 
342 
345 
347 



LOCATION. 

Springfield, . 
Boston, 
Worcester, . 
Boston, 



TRUST COMPANIES. 

CORPORATE NAME. 



Chapin Banking and Trust Company, 
( Boston Safe Deposit and Trust Company, 
\ Massachusetts Loan and Trust Company, 
I New England Trust Company, . 

Worcester Safe Deposit and Trust Company, 



PAGE. 

357 
357 
358 
358 
359 



Collateral Loan Company, 359 



y